There is a trading opportunity to buy in NATGAS

Midterm forecast:
. While the price is above the support 1.550, beginning of uptrend is expected.
. We make sure when the resistance at 2.250 breaks.
. If the support at 1.550 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:
. While the RSI downtrend #1 is not broken, bearish wave in price would continue.
. A peak is formed in daily chart at 2.024 on 05/20/2020, so more losses to support(s) 1.800, 1.700 and minimum to Major Support (1.550) is expected.
. Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
. Relative strength index ( RSI ) is 47.

Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (1.800 to 1.700). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (1.800)
Ending of entry zone (1.700)

Take Profits:
TP1= 1.900
TP2= 2.000
TP3= 2.100
TP4= 2.250
TP5= 2.500
TP6= 2.700
TP7= 2.950
TP8= 3.350
TP9= 3.700
TP10= Free

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Beautiful discussion
nice chart and Analysis
Thank you for your insight
Well done Fantastic graph and comments. thank you for sharing this Amazing content.
Thanks for the tip! And the chart of course
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