Natural Gas is potentially setting up a blow off top move into its Thursday inventory report.
This chart pattern rally is looking very similar to what we saw last Thursday when Nat gas had a 6.6% range decline from the high pivot it made off of inventories.
If we get a blow off top move on Thursday through the 200 Week MA I will look to fade that move.
This will be a live trading scalp idea...not financial advice.
Right now the swing trading trend is still bullish and looking strong.
Dip buyers are still in a favorable position for this commodity.
This chart pattern rally is looking very similar to what we saw last Thursday when Nat gas had a 6.6% range decline from the high pivot it made off of inventories.
If we get a blow off top move on Thursday through the 200 Week MA I will look to fade that move.
This will be a live trading scalp idea...not financial advice.
Right now the swing trading trend is still bullish and looking strong.
Dip buyers are still in a favorable position for this commodity.
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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.
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.