Natural gas has a nice correction after the traders cash out their position after a big rally in price.
In this analysis i use Fibonacci retracements to see in the short term were the price can go.
The price hit 0.618 zone Fibonacci retracements in the correction down move so i expect to go back on the 0.618 zone Fibonacci expansion.
My TP is 1.720
Don't forget guys, this is just my opinion.
Good luck!
In this analysis i use Fibonacci retracements to see in the short term were the price can go.
The price hit 0.618 zone Fibonacci retracements in the correction down move so i expect to go back on the 0.618 zone Fibonacci expansion.
My TP is 1.720
Don't forget guys, this is just my opinion.
Good luck!
Comment:
Hit the Take Profit ! :)