Natural Gas (Spot)Short
Natgas - rebound phase - short
Updated
I want to be honest..
The rally long was a surprise for me, I expected a long phase but without this momentum.
It was really strange because we have a big storage increase more than last year and I expected a long phase but more flat.
so I think now we can have a rebound of price until support area more or less 2$ before the last long (if we will have).
The doubt if we have close or not the wave C ..
In any case I try a short position with small size and small risk.
Stop 2.8$
target 2$
The rally long was a surprise for me, I expected a long phase but without this momentum.
It was really strange because we have a big storage increase more than last year and I expected a long phase but more flat.
so I think now we can have a rebound of price until support area more or less 2$ before the last long (if we will have).
The doubt if we have close or not the wave C ..
In any case I try a short position with small size and small risk.
Stop 2.8$
target 2$
Trade active
open short position from 2.9$Stop 3.1
target 2 first
Note
two position opened and active (remember my stop is only at the end of day)Note
pull back on goingProtect your position
Trade active
Hi guys and Girls... Listen to meYou can close the trade now and wait a new short opportunity or open a option on future market to cover your position.
I take a option to cover al my gain with a low cost
There is possibility for a new long rally until resistence area (Major supply zone)
Trade closed manually
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.