AndreasMunz
Long

Overextended downside, Looking for a bounce

NYMEX:NG1!   Natural Gas Futures
While MA and the structure seems down, I am looking for a bounce as NG             was clearly oversold and ran into support at 2,468, which was the previous low for the year.

Buy signals also on Stochastic and forming on RSI as well.

While I know this might be early to talk about a reversal I think a bounce is due. I am looking for middle Bollinger bands as resistance and of course the 50 day MA.

Overall the active trend is still down but we are running into some good support here
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