InvestingScope

Targets hit. Now Bullish reversal in full progress. Long.

Long
NYMEX:NG1!   Futures Gas Naturale
The previous 2.779, 2.747 Targets have been hit as the downtrend on Natural Gas was completed on 1D with a near full test of the 2.696 support. 1D is now bullish again on RSI = 55.894, Highs/Lows = 0.0630, BBP @ 0.0800) having just crossed the 0.382 Fibonacci retracement (2.837). With such momentum, we expect the 0.500 to be next (2.879). We are long with TP = 2.978 (0.786 Fibonacci).

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