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dchua1969
Dec 4, 2019 12:29 AM

Gas up with NGAS Long

Natural Gas (Henry Hub)FXCM

Description

You would see from the link we have a fantastic sell down for NGAS from 2.8 to a low of 2.275.

By drawing the bearish trend line, you would see that the price has broken out of it at around 2.368 which present a great buying opportunity. Did you take it ? I hope you did.

Price meets some resistance at 2.505 and is now faced with two options :

1.Break the resistance and continue to go higher

2. Breakdown either from the resistance (on 2nd attempt) or from the right handle (pink parallel line).

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