Don't miss the great buy opportunity in NGASTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.90). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. NATURAL GAS is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 51.
. While the RSI resistance #1 at 43 is broken, so the probability of the beginning of an uptrend is increased.
Take Profits:
TP1= @ 2.09
TP2= @ 2.21
TP3= @ 2.49
SL= Break below S2
NGAS
NGg --- H & S on hourly chart in makingFor intraday traders,.... Head & Shoulder is in making on hourly chart. At the morning it is looking like rising wedge and gave a downward breakout also. But price return back in wedge and at the moment final wave of last shoulder is in making. Watch it carefully and try to earn. Thank you..... I am not pro member, so chart I used is very little. I can not draw it accurately. Sorry for that.
Natural Gas Short SetupNatural Gas would go down towards 2.146 for Wave C correction. Stop Loss can be just above the highs.
Natural Gas Cooling Off ??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!!!
