Long natural gas
Updated
Formed a spike low of 190 and reversed and forming a consolidation range
Levels:
Channel top is at 217 to 220 range.
If crosses decisively can rally to the top resistance of around 240 which can be the hurdle and likely to reverse back to 220 again before next rally.
So enter at 220 with stop in the middle of the channel for that entry and exit at 240.
Levels:
Channel top is at 217 to 220 range.
If crosses decisively can rally to the top resistance of around 240 which can be the hurdle and likely to reverse back to 220 again before next rally.
So enter at 220 with stop in the middle of the channel for that entry and exit at 240.
Trade active
Going as predicted but 238 to 240 forms a bit of resistance based on last years levels but can go upto 245 range before reversing. Good place to short if reversal happens at 245 for a target of 220 before continuing the uptrend again as breakout happened thereTrade closed manually
Too fast to raise based just on short term forecast. Ready for opposite side movement
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