Updated
Nat. Gas update
Natural gas continues its daily downtrend.
The current position is near the daily demand zone where it can break the daily downtrend. If there is a rebound here, it can proceed with the weekly correction of the daily bullish pattern.
If so, you can ride an uptrend, so please aim for a Buy opportunity.
If the rebound fails in the daily demand zone, it is likely to renew the bottom as the daily correction ends and the downtrend continues.
The current position is near the daily demand zone where it can break the daily downtrend. If there is a rebound here, it can proceed with the weekly correction of the daily bullish pattern.
If so, you can ride an uptrend, so please aim for a Buy opportunity.
If the rebound fails in the daily demand zone, it is likely to renew the bottom as the daily correction ends and the downtrend continues.
Trade closed: target reached
The first exit is required because the first goal has been reached. However, if the daily uptrend continues, higher targets may be re-created.
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.
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.