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bottom_scalper

2018.06.19 Short-term analysis on natgas

Natural Gas (Henry Hub) (FX:NGAS)  
bottom_scalper Updated   
FX:NGAS   Natural Gas (Henry Hub)
Chart Patterns natgas
2
0
chartpattern natgas
Sharp pull-back after breaking 3s was expected. I think we backtest 3s again soon. For now, nice bounce off bottom of old range. We could see a new range open up higher from 2.88 - 3.02. Will look to reshort at top of range and long at bottom. GL everyone!
Comment:
So far first target reached at .5 fib. expecting a drop here going into EIA report tomorrow.
Comment:
bulls bought up natty around 1pm yesterday.. could very well see bounce at .5 fib instead of my original target a .236 fib. will watch carefully
Trade closed: target reached:
DONE.
Comment:
Despite today's pullback from EIA report, i think we still move higher. will look to short at double top 3.02-3.04. Pay attention to the bearish RSI divergence setup if it gets there. GL
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