Based on previous bounces on the actual trendline, Natgas should go long, need to wait for price confirmation.
Note
PS: price is likely to bounce on the low resistance (purple, bottom) this is the support holding the lowest prices on NatGas, with 4 previous rejections: Sept 2009, April 2012, March 2016, multiple rejections on July, Augst, Sept, Nov.Note
Possible double bottom forming on H1 and H4 time frames.Note
Waiting for the break of the resistance level (2.345)Note
Another chance to make some profit, at least targeting 2.470 resistance, just like the previous reversal.
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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.
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.