CFDs on Natural Gas
Updated

Natural Gas - One more low left?

224
snapshot
Note
snapshot
Note
In order to think NG may have bottomed, it should go up one more to at least the red line. The box is the support area for pull back. IF so, NG could shoot up, otherwise, I am continue looking down.

snapshot
Note
Well... We are here finally. I think it's a bottom but need to see a confirmation.

snapshot
Trade closed: target reached
NG dropped to where I was looking
I would like to think NG has bottomed but the truth is I don't know for sure. I don't care either to pinpoint the bottom or try to catch a falling knife. No need for a fear of missing out. Waiting for a confirmation. I wouldn't be surprised if NG goes down to the trend line as well.
snapshot

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.