Last week's price action was shaky and scary. But i am still holding on to my bullish opinion. Looking for Buy setups in smaller Timeframes
After the successful retest, no harm in getting bullish Natural Gas. Seasonal tendencies are Favourable during this time. BUT one thing that is concerning me is Commercials getting Bearish. But that can happen and its OK. Still my advice is to keep a strict stop loss and TRAIL it.
In Continuation with my Last weeks commentary, I am patiently waiting the test of the Breakout AREA. However keep in mind, The intensity and structure of the test will be very crucial before taking a decision to go Long. But Seasonal s and Technical s Favour LONGS. Happy Trading NG!!!
For coming several weeks, i will advise to trade NG on Long Side. Albeit with a good entry method and a strict stoploss.
Stay Away for a While. If not prefer shot side with strict stoploss
My View Natural Gas Weakly Chart 2 Gap Show Weakly Chart And Show Head And Shoulder Pattern Close Above Neckline Fill The Gap And Touch 4.30 0..... My View Only Close Above Neckline... and Any Change Update....Also Time 2 Time Remember In Prayer And Help 4 Every 1.....