NATURAL GAS - Buy Entry - H4 Chart
One to Watch 👍 Will need a confirmation candle off the Yearly Pivot Point
Recommended Risk - Stop Loss @ 0.5% to 1% of your Account Balance
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I'm bullish in the short-term and through 2020.
- Natural Gas ($2.327) is currently sitting below the 20d ($2.37), 50d ($2.56), and 200d ($2.8) MAs.
- The recent retest of the 13-year falling trendline (orange) should also strengthen bull cases. In 2016 the trendline changed from resistance to support. And most recently in August, Natural Gas bounced off this...
Natural gas has going down in a trend channel from march, but on the daily chart we can see the RSI divergence, so in my opinion the price will breakout this channel and it begins an uptrend.
