NGAS.F trade ideas
NATURAL GAS studyNATGASUSD has been trading within a rectangle since mid Feb.
We will be looking forward to take a position in the direction of the breakout.
2.72 and 2.61 could be crucial in deciding the direction of the trend in days to come
Keep watching this space for latest trades in Natural Gas
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 is at the support zone!Natural gas is at the support zone. Morning star formation at the support zone indicates the trend is about to change. The morning star pattern consists of three candles. First candle is a big bearish candle, second is a small candle which indicates indecision and third cadle is a long bullish candle. Can go long when the candle close is above the trend line. Targets are shown in the chart. Use trail stop to protect your profit.