Long on NATGAS throughout the month of April

31 mar 2023

Seasonally, April is on average a bullish month for Natural Gas and looks to have set up for a similar outcome this year.

It has made a huge double bottom on the daily with a extreme bullish RSI divergence and you can see a similar positive RSI set up on the hourly and the 4 hour chart as presented in my post.

My target is modest 3 which would is the most recent resistance tested on the 3rd of March and a increase of 46%.

Good luck!

3 apr 2023

Trade attivo

With a correction to the base of the rectangle allows for an opportunity to buy in if you missed out initially. Bullish RSI divergence reloaded.

4 apr 2023

Nota

We can now see that a diamond harmonic pattern has manifested which often suggest a turn in the direction of the price trend, which in this case would be a bullish turn.

5 apr 2023

Trade attivo

Looks like a correction after breaking out of the bullish diamond pattern reversal

6 apr 2023

Trade attivo

Retested the diamond reversal pattern and looks to be on it's way up.

11 apr 2023

Nota

Onto 2450 after breaking resistance

15 apr 2023

Trade attivo

Support found once again, but as a result has developed a H&S pattern which needs to be invalidated. Otherwise we might have trouble. A lot of shorts could be trapped as a result of the H&S.

25 apr 2023

Trade attivo

A cup and handle has formed. If it breakout then we are in for some bags

3 mag 2023

Trade chiuso: obiettivo raggiunto

Well April did turn out to be bullish. Hope anyone following cashed out before May which filled the gap below!