NATGASUSD failed to make a lower low and is testing resistance at 3.3 I'm already bought earlier this day at 3.21 with very tight stop-los but will add extra positions if it can brake resistance and move above the 10 Daily EMA. I will update later on.
Note
Price "fighting" with 10 Daily EMA and again trying to brake resistance at 3.3 and also trying to brake R3 & R4 pivots. If it brakes I'm 100 bullish.
Note
EIA data was good. (Decline in gas inventory is more than expected) So we see a nice move up with a 3.42 spike
Note
First target is around 3.8 for me
Note
Previous resistance becomes support. Trade looking good so far.
Note
Price at 10 Daily EMA. Good opportunity to re-enter. I placed a small buy position with tight stop los
Trade closed manually
Priceaction to bearish. Closed trade. In profit but less than expected.
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.