NaturalGas Moves Sideways, Add Another Doji to the Mix

Natural Gas moved sideways again today, making that 4 dojis in the last 5 trading days. Trapped within the confines of the 7 and 21 day moving averages, today did close below the pair which is a positive sign for our short side position. I am still looking for a final push down to the 3.05 lower Bollinger Band.

The Heikin-Ashi chart confirms price is confined to a tiny sliver. At some point, we will see a major breakout. It may take awhile but when it does break, it should give us excellent trading action.

Disclaimer: This post is for educational purposes only. Trading is at your own risk.

Trade closed: target reached:

First target of 3.05 reached!