Short

A sharp drop is coming soon

Updated

Natural gas reached 3.295 today, upped 19% in a month. It just the beginning of October, the weather is going mild in the next two or three weeks. So we will probably have another two or three weeks injections before the real winter coming. So i think it's still too early to chase that high, and the bulls are facing extremely high risk. Technically, we have already filled the gap at 3.295. MACD is over brought and nearly cross over. RSI is in over brought area. So i think the Natural Gas is facing a sudden correction before the winter.

Note

Extremely bearish candle stick , MACD cross over, RSI down swing.

Trade closed: stop reached

Nee_sh

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.