NATGAS on a verge of a significant correction?
Interesting development reaction from the top arc over the past 6 months and I'll be taking a punt myself on this one, especially since most brokers are paying out for traders to sell NATGAS. My broker is paying out c3% and I wouldn't mind a piece of that.
SL is tight with a huge potential gain of 5.7/1.
The most recent corrections from the top of the arc have been between 10-12 days which would take us to the 16th of October.
You can see an extremely strong bearish divergence on the 4hr chart, as well as the daily which usually means that consolidation is soon under way.
Recession will undoubtedly will take place at some point in the near future which usually means commodities heading down due to low demand.
This is not trading advice, but I'm extremely excited to see this unfold.
Cheers,
Sky
SL is tight with a huge potential gain of 5.7/1.
The most recent corrections from the top of the arc have been between 10-12 days which would take us to the 16th of October.
You can see an extremely strong bearish divergence on the 4hr chart, as well as the daily which usually means that consolidation is soon under way.
Recession will undoubtedly will take place at some point in the near future which usually means commodities heading down due to low demand.
This is not trading advice, but I'm extremely excited to see this unfold.
Cheers,
Sky
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