NATURALGAS Action: Wait for confirmation before entering the short trade. • Look for a rejection near $3.80 or a bearish reversal candle on shorter timeframes • If price closes below $3.70, it will confirm a downside move. • Entry: Short below $3.70. • Target: $3.50 (short-term) and $3.30 (extended target). • Stop-loss: $3.85 (just above resistance). • Risk/Reward: A break below $3.70 offers a favorable risk-to-reward ratio for a short trade.
NATURALGAS opened higher but seeing rejection. 15min timeframe showing sharp rejections at higher levels. Might correct to end in red today. European and American markets have low volumes right now so trade with caution. An incrementally increased cold expectation can cause a rally. Short at 3.8 for a target around 3.4 with SL at 4.
NATURALGAS Good time to short. Short for a target closer to 3.4. Every time we see a forecast for colder winter it get factored in too much thus leading to a sharp downfall. Expect 3.4 to reach easily.