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RuzainiRashid88
Jul 13, 2017 2:23 PM

Head and shoulders pattern forming in natural gas Short

Henry Hub Natural Gas FuturesNYMEX

Description

Critical support at 2.53 region, break below would see further down side for NG.
2 trading scenarios:
1) Anticipate a sell-off with a half sized short position now with stops at 3.5 and load the remaining half after the break below 2.53.
2) wait for clear confirmation to break below 2.53 and short on pull back.
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