NATURAL GAS has made a very strong bull run in the past few months, the current price is forming an AB=CD pattern (Bearish) on this Weekly Chart.
Of Course, we have to say that the price might go higher.
However, we need to take note that it is a strong opportunity to sell (PRZ)
Watch out for rejection at this level to finding good risk-reward...
Pending breakout for yesterday bullish candle
Should yesterday strong candle fail to move up higher but fall inside, i will look to short it.
ep, sl , tp as per chart.
The information contained in this presentation is solely for educational purposes and does not constitute investment advice. We may or We may not take the trade.
The risk of trading...
With cold weather coming soon to the Northern Hemisphere, Natural Gas could be getting interesting as the failing shale oil industry will eventually cause supply to be reduced.
Natural Gas Futures closed convincingly above the weekly Ichimoku clouds for the first time since early last year. Dips will be supported and a test above 4.00 is possible in the weeks ahead.
the daily chart of this market shows that it will experience an uptrend in the next few days with a very high probability at the same time it is better to be vigilant of the change of direction towards the opposite
please subscribe to receive more analysis