NATGAS - Close to the bottom
Actualizado
Good week everyone!
Quick look at NATGAS. as we can see, the 2.50 zone has been a huge and unbreakable support since beggining of 2017 and recently we tested it again, and rejected it.
-Rsi turning Bullish
-Down wave volumes are decreasing
Ok lets take a look on daily chart:
So far we are on a small descending channel, close to the top of it, what do i'd like to do?
Wait for a re-test of the middle of the channel near 2.70 zone before going long, S.L under 2.50 level.
Short term targets are 3.00 level and long term 3.45 usd .
Patience is the key, dont try to anticipate the market, especially going long on a (so far) bear market.
The mind is the limit.
This is a medium term idea.
This Trading Idea is to be used for educational purposes only. This idea does not represent financial advice and its NOT a signal. You should trade based only on your own technic and knowledge.
Quick look at NATGAS. as we can see, the 2.50 zone has been a huge and unbreakable support since beggining of 2017 and recently we tested it again, and rejected it.
-Rsi turning Bullish
-Down wave volumes are decreasing
Ok lets take a look on daily chart:
So far we are on a small descending channel, close to the top of it, what do i'd like to do?
Wait for a re-test of the middle of the channel near 2.70 zone before going long, S.L under 2.50 level.
Short term targets are 3.00 level and long term 3.45 usd .
Patience is the key, dont try to anticipate the market, especially going long on a (so far) bear market.
The mind is the limit.
This is a medium term idea.
This Trading Idea is to be used for educational purposes only. This idea does not represent financial advice and its NOT a signal. You should trade based only on your own technic and knowledge.
Nota
I still expect the price to drop further until 2.70~2.65 zone and then it'll be a good time to search a good long opportunity with a very good RxRNota
Price still sideways, i'd still like some sell off before going long.Nota
A very interesting bullish pin bar MAY be forming on daily chart right nowOf course we wait for closure, anyway we can already see that there is a lot of demand on the demarcated support zone =)
Nota
update
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