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NATURAL GAS broke the 1D MA50 after +2 months.

Long
NYMEX:NGG2021   HENRY HUB NATURAL GAS FUTURES (FEB 2021)
Last time NG crossed that level was on November 03. But last time it did so coming below with the 1D MA50 as a Resistance, was on July 28 and before that March 09.

On both occasions, the after the break-out, an approximately +20% rise followed. In addition, the RSI just broke the trend-line which also broke during those two events. Everything points towards a Natural Gas value around 3.300.


Most recent NG signal:



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Comments

Its going down :(
Any support?
Thx
Reply
Hi, it’s the first time on your profile , I’d would say that this work is really great , nice way to use indicators and good analysis overall, well done πŸ‘
Reply
Looks like a great entry, thanks
Reply
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