NATURE GAS: Try Buying at Pullback
Nature gas has jumped since 23 Aug, which got a near 30% rise.
There is a retreat, which may stop at 2.40 which is a good demand zone.
If the above demand zone cannot stop the drop, buy at another demand zone, 2.27, the neckline of the bottom, 0.618RET.
So two plans for NATGAS:
Plan 1:
Entry:2.40
SL: 2.380
TP: 2.75
Plan 2:
Entry: 2.27
SL: 2.20
TP: 2.75
Plan 2 is much likely to succeed, while plan 1 is a try.
There is a retreat, which may stop at 2.40 which is a good demand zone.
If the above demand zone cannot stop the drop, buy at another demand zone, 2.27, the neckline of the bottom, 0.618RET.
So two plans for NATGAS:
Plan 1:
Entry:2.40
SL: 2.380
TP: 2.75
Plan 2:
Entry: 2.27
SL: 2.20
TP: 2.75
Plan 2 is much likely to succeed, while plan 1 is a try.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.