Long
Final Chance to Catch it!
Hello friends, Natural Gas found strong support level around $2.38 where it was tested 3 times and failed to break through! The price then broke out to test the strong resistance zone around $2.62 - $2.65. If this open in gap down on Monday, that will be a perfect buying opportunity since I anticipate the next run will target $2.94 - $2.97 area. This gives us a 15%+ gain trade. I have indicated the buying zone in the chart, stop loss can be placed below $2.35 or lower as per your risk management. I expect Natural Gas price to reach $4 within Q1 2021 and we are now just in the bottom of the super wave up.
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Good luck with your trades.
Please share your thoughts and if you like this idea, please like and follow to view my upcoming content.
Good luck with your trades.
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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.