Natural Gas setup explained for a long trade
Updated
Natural gas is trading above resistance levels and using the key levels we can say that the longs now with the stops below the key pivot level of 2.3000 will work out well. Target can be around 2.4300 for today as that is the next resistance level which has held earlier as well.
Note
trading at 2.398 already. time to move the stops to breakeven and close 30% of the positionTrade closed manually
It hit 2.41 and then formed a bearish candle on the 15 minute timeframe hence booked the profits. Maybe go long again when the opportunity presents itself again.
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