NATGAS - NAUGHTY FALL AHEAD ?

23 mag

Cup pattern is complete with double top resistance. Looking for a handle now.

Probable retracement area would be $2.5

Once pattern is complete Natty might fly high to $4.5 again?

Disclaimer: Do not consider this as a buy or sell recommendation. This is purely for educational purposes

23 mag

Nota

if at all there is any bounce, and as long as it does not breach the double top, i believe every rally or bounce will be sold from hereon. Lets see

29 mag

Nota

NG is nicely moving as per the pattern. Unless the inventories are very bearish for the prices, we could see a support coming in at 38.2 fibo retracement level... play safe around that level

4 lug

Nota

50% Fibo retracement completed and is still working it's way down to 61.8

15 lug

Nota

61.8% Fibo retracement complete with no signs of reversal yet probably working towards 78.6% retracement level..

4 ago

Trade chiuso: obiettivo raggiunto

78.6% retracement met...