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InvestingScope
Aug 23, 2018 11:57 AM

Target hit. Reversal emerging. Short. Short

Henry Hub Natural Gas FuturesNYMEX

Description

TP = 2.978 (0.786 Fibonacci) hit as the earlier 1D Channel Up (RSI = 59.255, MACD = 0.027, Highs/Lows = 0.0026) delivered the desired Higher High. The price is now trading close to the first 1W Resistance (3.020) and our outlook on Natural Gas is changing to medium term bearish. We are short now, TP = 2.840 and 2.740 in extension (but under circumstances for which we will update).
Comments
ahmedlegend
TP1 reached, TP2 is near, shall we continue or wait
thecoolcancerian
What do you see next.. Im seeing 3plus
oldfshndog
TP hit and broke, under what circumstances do you see the extension?
ahmedlegend
Thank you very much
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