Spooky Gas
Time to start looking for another spooky Halloween trade as the latter half of October brings in cold temps.
Prices are now sitting near historically supportive levels and bullishly above the 200 week EMA, with the 50 curling up.
A closer look at the 4hr chart shows prices are coiling up with the RSI in buying territory.
Buying here.
Targets 2.8 to 3.08
Longer term we can also see the Winter contracts are consolidating at the 50% retracement and the next targets would be the 61.8% and possibly the 78% level. Remember, December has been a "warmer than normal" month the last couple years so if this repeats there should be a nice pullback to take advantage of next month.
Prices are now sitting near historically supportive levels and bullishly above the 200 week EMA, with the 50 curling up.
A closer look at the 4hr chart shows prices are coiling up with the RSI in buying territory.
Buying here.
Targets 2.8 to 3.08
Longer term we can also see the Winter contracts are consolidating at the 50% retracement and the next targets would be the 61.8% and possibly the 78% level. Remember, December has been a "warmer than normal" month the last couple years so if this repeats there should be a nice pullback to take advantage of next month.
Trade chiuso: obiettivo raggiunto
Target reached much sooner than expected. Got filled -1 @ 2.795 for $337.50 profit. Looking to buy lower now.Nota
Criteria for next setup1. Support at one of the fib levels
2. RSI dropping to the lower bound
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Pubblicazioni 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.