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AnabelSignals
Mar 16, 2024 1:14 PM

NATGAS Technical Analysis! BUY! Long

Henry Hub Natural Gas FuturesNYMEX

Description


My dear friends,
Please, find my technical outlook for NATGAS below:
The price is coiling around a solid key level - 1.665
Bias - Bullish

Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 1.762
Safe Stop Loss - 1.613

About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK

Comment

Take Profit will be hit soon I think!

Trade closed: target reached

Rejoice, for the target was hit!
Comments
elenaec
are you expecting a turn down , from here ? thank you
rojara
I think ngas may be cross above 2 on this week , my TP is 2.20 to 2.30 on this week.One more advantage is roll over on this week will start.
elenaec
@rojara, that would be great , that's my feeling too , but a small hope not down to 1.5-1.4 $ sooner or later but maybe not
AnabelSignals
What do you think about this forecast, Friends?
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