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Aug 3, 2018 3:06 PM

Targets hit. Now Bullish reversal in full progress. Long. Long

Henry Hub Natural Gas FuturesNYMEX

Description

The previous 2.779, 2.747 Targets have been hit as the downtrend on Natural Gas was completed on 1D with a near full test of the 2.696 support. 1D is now bullish again on RSI = 55.894, Highs/Lows = 0.0630, BBP @ 0.0800) having just crossed the 0.382 Fibonacci retracement (2.837). With such momentum, we expect the 0.500 to be next (2.879). We are long with TP = 2.978 (0.786 Fibonacci).
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