Looking at NatGas, Im going long with BOIL. NAtGas is close to a double bottom here, %R is oversold, and the TSI is corssing and rising.
Note
struggling at Support Resistance (purple arrows)Note
NatGas not moving higher as expected. Watch the support zone have stops just below. Could be a bear flag or giant H&S pattern playing out. Note
NatGas finally making the turn. Support held, and we are now moving higher. BOIL up 9%. TSI and %R look to be turning higher as well. Note
NatGas coming up against the resistance zone. Look for a push through Tomorrow.Note
Looking for a move to the 38.2% or 61.8% fibo. Trade closed: stop reached
Stopped out, trade didn't work out.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.