NATURAL GAS is forming an ascending triangle on 4hr timeframe which is indicative of an upward breakout. It is also on a major support level of 3.163 and has tested it twice. Long natural gas with a take profit target of 3.472 which is the next resistance level.
Take care & analyzed it again - it`s always your decision ... (for a bigger picture zoom the chart) This is only a trading capability - no recommendation !!! Buying/Selling or even only watching is always your own responsibility ... 44 COMMODITIES (2016 Yearly Performance) from Chicago, New York & London @ drive.google.com Best regards Aaron
Short NATGAS based on warmer weather projections (builds in inventory), and bear divergence in RSI.
I think NGAS hit rock bottom for now. Moving into the winter with chilli temperatures incoming and a perfect trend reversal setup (STOCHRSI and MACD) I think it is very likely we see NGAS reach $3.2 + within the next two weeks. Very crucial to whether this will occur as planned are the inventories which based on past data and future expectations should be as or...