Lavish_Jindal

Natural Gas maybe topped out for now

Short
FX:NGAS   Natural Gas (Henry Hub)
All of the major momentum indicators are in overbought zone, volatility is decreasing a breakdown could be coming very soon we can look for a short setup here with an SL of few points above the 2.95 levels, targets are on the chart.

Remember before selling that natural gas in an strong uptrend for coming months, winter is coming. If today's candle closes above the 2.87 level then the setup gets invalidated
Comment: this is a very early signal as per market conditions, i would recommend putting a SL few pips above local swing high i.e 2.90
Comment: it has started moving in the direction, if you aren't a big risk taker than you can move your SL to entries or nearby 2.85
Comment: It's very near the first target, move your sl to entries and remember to take some partial profit at the first target
Comment: It's near second target move your SL to TP1, so that you win in any condition also when it reaches TP2, keep trail your SL to some lower point and keep securing profits
Comment: I'm closing 1/3 of my position here at 2.61, leaving the rest with a strict stop of 2.7
Comment: target 4 has been reached keep moving your sl