Natural Gas. Nearing Buy/Long Re-Entry
An extract from this morning's research.
TRADING QUICKTAKE: NG was one of our strongest performers, having been recommended at $2.66 in April, with a high of $6.46 printed by October. The commodity has retraced to $3.74 which is near the prior resistance and which could become ‘new support’. Also noted is the large falling wedge structure where a break of the trend line resistance triggers a long. Keep this on your watchlist. I am. Daily Chart. Medium Term Swing View.
Current level: $3.72
TRADING QUICKTAKE: NG was one of our strongest performers, having been recommended at $2.66 in April, with a high of $6.46 printed by October. The commodity has retraced to $3.74 which is near the prior resistance and which could become ‘new support’. Also noted is the large falling wedge structure where a break of the trend line resistance triggers a long. Keep this on your watchlist. I am. Daily Chart. Medium Term Swing View.
Current level: $3.72
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Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.