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InvestingScope

Medium term Uptrend on Natural Gas

Long
Natural Gas Futures (NYMEX:NG1!)  
InvestingScope  
NYMEX:NG1!   Natural Gas Futures
Trend Analysis Harmonic Patterns Chart Patterns NG Natural Gas nglong nganalysis naturalgasanalysis naturalgaslong
3
0
trendanalysis harmonicpatterns chartpattern ng naturalgas nglong nganalysis naturalgasanalysis naturalgaslong
The price is on a 1D Channel Up (RSI = 57.179, Highs/Lows = 0.011). As seen on the chart a Higher Low needs to be price and we have two scenarios for that: soft support at 2.765 and hard support at 2.740. We will use both spots as long entries for a potential Higher High TP = 2.900.
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