DanteBouzas

NatGas in an inverted widening triangle? Bullish setup

Long
NYMEX:NGZ2020   HENRY HUB NATURAL GAS FUTURES (DEC 2020)
Looks like we bounced off that Breakout area from Aug 03 where Volume spiked and price surged. the Fibonacci retracement is between 3.100 and 3.200, this might be a potential spot for a reversal back down to test lows or further. There is still downside risk. If it breaks this area there's a good chance we could go for the highs again.

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