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Ng1

Short-term Spring ShortNatural Gas got a nice boost from colder weather. Looks about ready to crumble in the next month or so. I am short April(J) @ 2.81 Worst case on this is if weather defies it's tendency to flip bearish and the longer time frame trend line is targeted. But, it will take a lot to push past the highs at $3.00 (April). In which case adding another short there could work. Bearish inverted hammer on yesterday's move signals selling is strong and this is the top of a channel. Red box shows that upside risk and below there are a couple gaps that look promising. Trading is risky, don't do it. I am still long August(Q), EQT, RRC and would add on significant dips on any of those.
NYMEX:NGJ2021Short
by trade-God
NATGAS will break the range? 🦐NATGAS after breaking above the weekly resistance is moving between 2 structures. According to Plancton's strategy, if the price will break above, we can set a nice long order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
OANDA:NATGASUSDLong
by InkyGrip
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