Aggressive Traders Could Try to Short Natural Gas Now $UNG $NG_F Short
Henry Hub Natural Gas FuturesNYMEX
Description
⋅ Natural gas broke below the Red and Yellow indicator lines and should be shorted because it is in a downtrend currently
My custom support resistance indicator lines show decent places to enter or exit.
The Blue indicator line serves as a Bullish Trend setter.
If your instrument closes above the Blue line, we think about going Long.
If your instrument closes below the Red line, we think about Shorting.
For Stocks, I prefer to use the Yellow line as my Bearish Trend setter (on Daily charts).
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