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wjredwin
Jan 13, 2020 12:01 PM

Long Natural Gas Long

Henry Hub Natural Gas FuturesNYMEX

Description

1. COT is at extreme bullish
2. Seasonality is bearish in January but TA shows bullishness therefore this trade can be skipped for cautious traders. Fundamentally if Crude related energy is bearish then Natural gas will become the alternative energy therefore may attract buyers due to its low price.
3. Downward trendline is broken
4. Price broke above moving average.

Long until upwards trendline is broken

Trade closed manually

update was posted in comments on 15th Jan.
Comments
wjredwin
Bearish Pinbar is formed. Traders might want to take some small losses and wait for the break above pinbar to enter new position again.
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