STORM IS COMING...
Updated
NATGAS after it's rally reached it's 1)200EMA,20)it's mid-term channel boundaries and 3)61,8 FIB level has bounced back to 3,030 level.
Weather forecasts can't give more fuel to this rally due to the time of the season.
Big contracts have already signed this period that could help the price of NATGAS brea 3.100-3.200 levels.
Top is near that's why i am going short.Targets are up to your risk tolerance..
First target 2.975 area 30MA support and topical ressistance and second target at 2.885 area fib and support level and last 2.800 strong support...
Happy trading guys..!
Weather forecasts can't give more fuel to this rally due to the time of the season.
Big contracts have already signed this period that could help the price of NATGAS brea 3.100-3.200 levels.
Top is near that's why i am going short.Targets are up to your risk tolerance..
First target 2.975 area 30MA support and topical ressistance and second target at 2.885 area fib and support level and last 2.800 strong support...
Happy trading guys..!
Note
NATAGAS has to close above 3.045 daily to turn it's trend up and weekly above 3.100...Trade active
First target reached.
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.