anshuman_05

Long natural gas

Long
anshuman_05 Updated   
CAPITALCOM:NATURALGAS   Natural Gas
Natural Gas has broken out from the head and shoulder reversal pattern on the hourly timeframe. On the daily as well it seems to be forming a reversal pattern and hence the longs have a good chance of succeeding in this environment. Moreover it looks like the previous move was more of a correction rather than an impulse move down. Stops below the right shoulder with the target being the depth of the head from the neckline breakout.
Trade closed: stop reached

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