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Ng!1

NATGASUSD Short Hello, I think NATGASUSD is in for a bigger drop and report may be the catalyst . Consider the scenario. 1. It consolidated in a range for a long time 2. Made a higher but was unable to hold gains 3. Second wave up after the last report failed to make a newer high 4. It closed on channel below the channel 5. Almost half the volume on the upswings and new highs That's how I look at things. Trade accordingly. I'd wait until it hits the Declining channel then short. 3.315 would be my stop if I short at around touch of declining channel. Will be a good risk/reward because I'd short it at touch of channel and stop at 3.315. However, if it breaks the channel with conviction goes to set another high, this idea has failed it's validity.
OANDA:NATGASUSDShort
by viktor89
Natural Gas Mini Futures Swing Trade OutlookI have NG currently in a downtrend. With expectations that it will continue dropping over the near term. Daily chart observations: 50-day moving average recently dropped below the 200-day moving average. MACD is illustrating downward movement. RSI is trending down Woodies CCI still shows upward momentum, but also that the upward momentum is weakening Stochastic has dropped below the lower boundary (20), illustrating oversold level The Awesome Oscillator also shows upward momentum weakening Spring/Summer weather typically brings lower nat gas prices. Over the next few months I'm looking for the price to move towards the 0.618 Fibonacci retracement level with the price around 2.516.
NYMEX:NG1!Short
by dougbebber
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