Natural Gas Price Forecast: Rises to Five Day High
Natural gas strengthened on Wednesday and reached a five-day high of $4.25. The high for the day was a successful test of resistance around a trendline
Following a breakdown from the trendline last week natural gas consolidated in a relatively narrow four-day price range, largely below the trendline and the 20-Day MA.
Short term entry and targets
We can chose ,because of volatility and high uncertainty,tariffs,news... between 2 profit targets
If the 1st profit target hits,and NG reverses,possibility 1 to take profit
If it passes through, we take profit at 2nd target.
Entries:
In case to entry currently Buy1
If pullback Buy2
If pullback deep Buy3 level.
Alternatives:
Entry 1 Buy1
Entry2 cover
Entry3 Cover2
Natural gas strengthened on Wednesday and reached a five-day high of $4.25. The high for the day was a successful test of resistance around a trendline
Following a breakdown from the trendline last week natural gas consolidated in a relatively narrow four-day price range, largely below the trendline and the 20-Day MA.
Short term entry and targets
We can chose ,because of volatility and high uncertainty,tariffs,news... between 2 profit targets
If the 1st profit target hits,and NG reverses,possibility 1 to take profit
If it passes through, we take profit at 2nd target.
Entries:
In case to entry currently Buy1
If pullback Buy2
If pullback deep Buy3 level.
Alternatives:
Entry 1 Buy1
Entry2 cover
Entry3 Cover2
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.