NG - A short opportunity before the rebound?

NG price is on a crucial point, crossing MA 50 and the previous uptrend line, testing the May 5th support at 2.137. Despite the rally of Sep. 23rd, trading volumes didn't appear so powerful to justify a short term rebound. But NGI forecasts and US Energy Information Administration Weekly Storage Report, accompanied by the beginning of the next cold season, give hope that the trend will strengthen again in the coming days. A short term "buy the dip" strategy or a long position from next week, if prices start moving up, might both be good ideas. 2.070 and eventually 1.92 are supposed to be fundamental levels.

Trade fermée: cible de profit atteinte:

Both 'buy the deep' strategy with TP +5/10% or a 'buy and hold' strategy with SL 2,40 are good ways to continue this uptrend following. Coming the winter season the prices will increase for a few months before reversing the trend.