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Bullish 0.5 Fib Retrace Natural Gas

Long
Natural Gas Futures (NYMEX:NG1!)  
bshafo  
NYMEX:NG1!   Natural Gas Futures
Trend Analysis fib retrace NG NAT GAS
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trendanalysis fib retrace ng nat gas
2.7 level support established in May. Respected on 7/19 and a quick retest today. Unless it dumps into close today, I consider this a daily reversal candle. I expect a 50% retrace of the most recent downswing for a ~5% gain in the next 1-3 weeks.

Entry: 2.731
Target: 2.863
Stop: 2.648
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