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NGAS - SHORT
Natural Gas (Henry Hub)
Short
NGAS - SHORT
By Manohar_Shanmugam
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Updated
Oct 14
1
4
2
2
Oct 3
NGAS forming rising wedge at the high of the ROUNDING TOP on higher time frame
A nice fall is imminent as per the levels marked.
Sustaining above the rounding top would negate the view (BLUE line resistance)
Oct 7
Note
Tgt1 met
Oct 10
Trade closed manually
Made low 2.5834 close to TGT2 2.5604... either we can consider the TGT2 almost achieved
or trail the position with SL at TGT1 lvl
Oct 14
Trade closed: target reached
Position closed technically as well... made low 2.5545
No signs of reversal yet as the Day chart still looks weak...
NG might fall upto $2.4 before building a rally
Trend Analysis
Wedge
Manohar_Shanmugam
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