Natural gas looks weak to me. Making lower lows. RSI trending down. Short @ 266.8 TGT 259.3 sl 272 Disclaimer: Ideas for learning Only. Learn Regularly. Not occasionally.
It a nice sell signal from 281.5-281.7. If SL safe you can see minimum 10 points down side. SL & Tgts marked in chart for better exits Consult your own analysts before take this entry.
Natural gas has more huge resistance and breakout and gave triangel retest. There is chances of higher risk reward trade.
Natural gas is out from the supply zone. If it doesn't come down to the supply area, a solid uptrend is waiting ahead. We may see crude oil prices at 280 - 300 - 320+ in the upcoming months.
Short Natural Gas on 3 hr chart SL 242
Buy Natural Gas Closing Price - 238.9 Buy 1 Lot At Cmp Add Another Lot If Price Drop To 230-232 Strict SL - 219.7 (Day Closing Basis) Target 1 - 278-280
Natural gas sustaining above 230-231 can lead to it going till 265, breaking of that can also make it touch 35o levels as well.
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natural gas if breaks out above triangle pattern, it will go higher. there is good consolidation also near the trend line, so good chance of it breaking pu