EvanJones

NGAS Floating away but ready for the retracement

Short
FX:NGAS   Natural Gas (Henry Hub)
0
In recent days particularly last week, Natural gas rocketed without any significant retracement.

The RSI high period is now heavily overbought and is currently sitting out of the sell bollinger band level and therefore I expect this instrument to retrace back to at least half way to the missed monthly pivot.

For more information, follow me on here, twitter or at www.ejfxtrading.com

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.