NATURAL GAS - Only Way Is Up!
From a technical standpoint, Natural Gas is currently at levels where there's very very limited downside and major potential for upside.
Many times when we've seen prices come to these lows, price shot up hundreds of %. It's unlikely that we'll hit 0 and therefore balance of probability suggests that going Long on Natural Gas would be a good bet!
Trade Idea:
- For a safe entry, enter on break of the red trendline
- For a risk entry, look for buying opportunities anywhere between the region of 1.6 and 1.8
- stops below lows after the red trendline breaks
- Targets: 3.5, 6, 10
Goodluck and as always, trade safe!
Many times when we've seen prices come to these lows, price shot up hundreds of %. It's unlikely that we'll hit 0 and therefore balance of probability suggests that going Long on Natural Gas would be a good bet!
Trade Idea:
- For a safe entry, enter on break of the red trendline
- For a risk entry, look for buying opportunities anywhere between the region of 1.6 and 1.8
- stops below lows after the red trendline breaks
- Targets: 3.5, 6, 10
Goodluck and as always, trade safe!
Want more chart ups like this? Click the links below:
Forex: t.me/Wicktator
Crypto: t.me/Crypto_Wick
Forex VIP: t.me/WicktatatorVIP_bot
Forex: t.me/Wicktator
Crypto: t.me/Crypto_Wick
Forex VIP: t.me/WicktatatorVIP_bot
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.