AntMwah
Long

Bounce to 3.0 area

NYMEX:NG1!   Natural Gas Futures
121 views
4
121 1
RSI and channel have both bottomed and the price has started to move upward towards what I think will be the top of the channel at around 3.0. What it does after that is still up for debate, the channel and techs suggest there may be a further leg down here, but seasonality (and weather) will come into play at some point with gas typically having a strong August.

I'd take the long to 3, take profits and reassess to see if we get a break above the channel or a further move down.
Price is yet to break the downtrend line, you think it's still going downwards on this one?
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out