Natural Gas FuturesShort
Maybe It's Too Early To Chase High In September
Updated
Here are reasons to short natural gas at this level:
1. Both MACD and RSI have reached overbrought level. 1 Year MACD reached historical high since Oct 2004.
2. Reached 2.7-2.73 resistance level
3. Mild temperature will not boost the short term demand.
1. Both MACD and RSI have reached overbrought level. 1 Year MACD reached historical high since Oct 2004.
2. Reached 2.7-2.73 resistance level
3. Mild temperature will not boost the short term demand.
Trade closed: target reached
Around 200 ticks profit per contract. Take profit and wait for a buy-in opportunity.Note
Waiting for an opportunity to buyTrade closed: target reached
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