NATURAL GAS UPDATE (12 -13 OCT)
Entry: Long if sustained above 286.5
Target: 294-300 zone
Stop loss: Below bearish order block (OB)
This analysis is based on the following factors:
The price has been trending upwards recently.
- There is a support level of 286.5.
- There is a resistance zone at 294-300.
- The trader is expecting the price to continue to move upwards if it sustains above 286.5. The trader is also expecting the price to pull back towards the bearish order block (OB) if it touches 286
Target: 294-300 zone
Stop loss: Below bearish order block (OB)
This analysis is based on the following factors:
The price has been trending upwards recently.
- There is a support level of 286.5.
- There is a resistance zone at 294-300.
- The trader is expecting the price to continue to move upwards if it sustains above 286.5. The trader is also expecting the price to pull back towards the bearish order block (OB) if it touches 286
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