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InvestingScope
Mar 15, 2019 8:04 AM

Natural Gas: Well supported on 1W. Buy opportunity on pull back. Long

Henry Hub Natural Gas FuturesNYMEX

Description

Natural Gas is so far respecting the 2.530 support on 1W and since last month's bottom has been developing a bullish sequence on 1D (STOCHRSI = 75.364, ADX = 37.193, B/BP = 0.0580). Since it is still largely neutral (RSI = 52.420, Highs/Lows = 0.0000) there will be another chance to buy, for those who missed it, with a pull back within 2.750 - 2.700. Our target is 3.055.


See below the long term outlook:






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