NGAS: Headwind is strong

FX:NGAS   Natural Gas (Henry Hub)
188 2 4
I placed my short position today at 3.35. If it goes higher, i will consider to add more short.
Trade with care.
Comment: Natural Gas is moving to the next resistance, let's see if it will stop.
Comment: Stopped at 3.56, and i added more short position at that level.
Comment: it breaks the resistance at 3.56, and next resistance should be 3.73. I hope there's a correction start from there.
Trade closed: target reached
Thanks for sharing. Just wondering what's the basis of your prediction? Why do you think it has peaked?
Nee_sh candri
@candri, Good question. My opinion is that now we touched the almost two year's solid top, if we can break it, the next resistance should be 3.53-3.55. Also, I watch RSI to detect the trend. If you connect the RSI peak at 6/20/2016 with the RSI peak at 10/10/2016, you could find the trend line is going down, and that's the reason i think the new peak might be here or at least not far from here. Hope the answer helps and trade with care.
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