ElPatron.Y

Short NGAS for retracement

Short
FX:NGAS   Natural Gas (Henry Hub)
UPDATE
FULL target hit. Looking back for a long now.
---------------------

NGAS met heavey resistance we have a bearish divergence in RSI and MACD, looks like it is going to retrace some, before further upmovement.

The blue line looks like a level to respect in my opinion, because of the double bottom it made there and from there it went steeply up.

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.