VishalShah9

Butterfly Still in Play for Natural Gas NG!

NYMEX:NG1!   Futures Gas Naturale
Butterfly still in play
1) XB should be 0.786. Here we have 0.794 so I would accept it. Tick
2) AC should range between 0.392 to 0.886. Here it is 0.774. Tick
3) BD should range between 1.618 and 2.618. Here it is 2.128 . Not complete yet but Trending!
4) XB should range between 1.27 and 1.618. Here it is 1.493. Not complete yet but Trending!

Let's see what the price action does. I believe a reversal is due now to the upside.

Note: XB to 1.618 would be at the price of 3. So still downside risk.

Idee correlate

Declinazione di responsabilità

Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.