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NATURAL GAS

A great opportunity to buy in NGASMidterm forecast: The current trend is uptrend and the forecast is continuation of uptrend. Technical analysis: While the RSI support #1 at 52 is not broken, the probability of price decrease would be too low. A peak is formed in daily chart at 4.755 on 11/30/2018, so more losses to support(s) 4.400, 4.050, 3.800 and minimum to Trend Hunter Buy Zone (3.600 to 3.350) is expected. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index (RSI) is 60. Trading suggestion: There is possibility of temporary retracement to suggested Buy Zone (3.600 to 3.350). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone. Beginning of entry zone (3.600) Ending of entry zone (3.350) Entry signal: Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons : Take Profit: TP1= @ 3.800 TP2= @ 4.050 TP3= @ 4.400 TP4= @ 4.550 TP5= @ 4.650 TP6= @ 4.850 TP7= @ 5.000 TP8= Free
OANDA:NATGASUSDLong
by ForecastCity
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