Natural Gas giving mixed signals
The 4-hour chart is down and hitting new lows. However, we see strong "upward" momentum. hhmmmmm?
We also see a trend reversal on the 1-hour chart with strong CCI readings above +100
Because of this, we can no longer take any supply zones short.
(see trade plan in my profile)
Use your trading strategy only when trend and momentum lines up across multiple timeframes and you will be so much happier.
Right now we have 4-hour momentum and 1-hour trend going up. So this could be the very beginning of the new uptrend.
Let's see if we start breaking previous highs on the 4-hour.
We also see a trend reversal on the 1-hour chart with strong CCI readings above +100
Because of this, we can no longer take any supply zones short.
(see trade plan in my profile)
Use your trading strategy only when trend and momentum lines up across multiple timeframes and you will be so much happier.
Right now we have 4-hour momentum and 1-hour trend going up. So this could be the very beginning of the new uptrend.
Let's see if we start breaking previous highs on the 4-hour.
Chris Juliano
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.