Natural Gas Price Forecast: Rises to Five Day High
Natural gas strengthened on Wednesday and reached a five-day high of $4.25. The high for the day was a successful test of resistance around a trendline
Following a breakdown from the trendline last week natural gas consolidated in a relatively narrow four-day price range, largely below the trendline and the 20-Day MA.
Short term entry and targets
We can chose ,because of volatility and high uncertainty,tariffs,news... between 2 profit targets
If the 1st profit target hits,and NG reverses,possibility 1 to take profit
If it passes through, we take profit at 2nd target.
Entries:
In case to entry currently Buy1
If pullback Buy2
If pullback deep Buy3 level.
Alternatives:
Entry 1 Buy1
Entry2 cover
Entry3 Cover2
Natural gas strengthened on Wednesday and reached a five-day high of $4.25. The high for the day was a successful test of resistance around a trendline
Following a breakdown from the trendline last week natural gas consolidated in a relatively narrow four-day price range, largely below the trendline and the 20-Day MA.
Short term entry and targets
We can chose ,because of volatility and high uncertainty,tariffs,news... between 2 profit targets
If the 1st profit target hits,and NG reverses,possibility 1 to take profit
If it passes through, we take profit at 2nd target.
Entries:
In case to entry currently Buy1
If pullback Buy2
If pullback deep Buy3 level.
Alternatives:
Entry 1 Buy1
Entry2 cover
Entry3 Cover2
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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.
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.