Natural Gas - Strong Buy Signal Long TermDear Traders,
As we can see on higher time :
- Weekly
MACD just crossed into a buy position and it is heading toward positive area
- Daily
We have MA20 crossing MA50 and MA100 and MA50 crossing MA100
As you can expect those bullish cross is well timed with a heat wave we are about 90 CDD above average for +35 GFS long term run, same for ECMWF but with a little less CDD
Yesterday retracement was quick, but I think if this support is not broken, it will continue to support the price until 3,5 - 4,5
What about your thoughts on NG short term and long term ?
#Please trade on your own risk