Natural Gas is extending a strong 1D bullish leg (MACD = 0.113, Highs/Lows = 0.2976) which has entered into the overbought territory (RSI = 75.562). Being near the 1M (monthly) Resistance, the right conditions for a medium term short trade emerge. Even the 1D RSI is close to a Double Top and may follow the previous sequence of March - May 2019. Notice how the uptrend's lows are symmetrical with the downtrend's lows. Under these conditions our Target Zone is set at 2.500 - 2.450.
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Telegram: t.me/investingscope
investingscope.com
Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial
investingscope.com
Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial
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.