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Natural gas is at the support zone . Morning star formation at the support zone indicates the trend is about to change. The morning star pattern consists of three candles. First candle is a big bearish candle, second is a small candle which indicates indecision and third cadle is a long bullish candle. Can go long when the candle close is above the trend line . Targets are shown in the chart. Use trail stop to protect your profit.
Trade active:
@ 2.76 on 3/11/17
Comment:
First target reached on 3/14/17
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Comments
I feel currently pullback is in place and this is not a trend reversal. After a brief pullback, prices could drop to 2480. After 29th December, this seems to be in downtrend because of lower lows and lower highs.
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@vanathi, RSI alone i think is not sufficient. But based on rsi i dont see any positive momentum as per the chart.
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