Wisdom Tree Natural Gas Potential Set up
WisdomTree Natural Gas
Exchange Traded Commodity (ETC)
Noticed a potential repeating reversal pattern:
- Break above the 200 day
- Ascending triangle forming
- Rising RSI
Ideal Trade: Waiting for a break above the Triangle, enter then with a stop under the breakout point. We can revisit this and see how things progress. One to keep an eye on. Winter is coming. FYI this chart is in EURO.
NGAS
#NaturalGas
PUKA
Exchange Traded Commodity (ETC)
Noticed a potential repeating reversal pattern:
- Break above the 200 day
- Ascending triangle forming
- Rising RSI
Ideal Trade: Waiting for a break above the Triangle, enter then with a stop under the breakout point. We can revisit this and see how things progress. One to keep an eye on. Winter is coming. FYI this chart is in EURO.
NGAS
#NaturalGas PUKA
Comment:
This instead has not provided the ideal entry and we appear to be sitting close to the bottom of a parallel channel