NYMEX:NG1!   Natural Gas Futures
399 9 24
Nat             Gas`s midtermtrend is clear bullish . Within this trengas formed a nice flag, which consolidation exemplary reached near to the min. correction level 38,2.
These days we see the first initial breakout move. Some people are buying directly the break of the flags body (yellow).
If i would do that, i only would bet half a position on it, because for me the flag pattern is not yet active.. My personal "real " trigger of a flag is always the upper edge of the flag, here 3.00$ ot the yellow "2".
Flag TP: 3.4 - corresponding to the max. correction level fibo 61.8
The RSI is near its overbought level, though you have to exspect a corrective move of the last upwave.
Trading below the yellow "3" means aiming 2-2.2$ and the last low @ 1.6$

Resists: 3.0/3.06/3.35
Supports:2.87/ 2.8/2.75/2.52/2.47/

Comments are welcome -agree or disagree - i need some COMMENTS :-)

Comment: aha
Trade closed: target reached:
I watch the top 2.95-96 ! under that are still potential pressure! your levels are just super! I maximized the drop to that area(2.64) .I'll share a chart with some thought about potential falling..thank you!
thank you too :-9
Tnx MaryJane! yes 3.1 ish for this top and 3.4 is yearly range remained for winter ..nice chart.
before breaking out the top, could retrace to 2.64 area! you can be more right as well! you have very accurate charts, thanks for all those beutiful works!
Hello EGEfx, thx for your nice comment. Where does the 2.64 come from? i see temporary downpotential to 2.8, the 38,2 fibo of the last upmove 2.5-2.93
+1 Reply
marihuana-aktien marihuana-aktien
The RSI is not yet overbought...
JoshuaGajadien marihuana-aktien
Hi Mary Jane, so if i'm correct you would advice to buy around 2,8?
marihuana-aktien JoshuaGajadien
Hi joshua...sorry, but i advice nothing! i just illustrate my own view :-9
+1 Reply
JoshuaGajadien marihuana-aktien
Allright, that actually makes sense. Thank you for your answer!
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