Updated
Natural Gas- Killing the Bulls
From our previous post, linked in description, we counted Natgas to be in wave iii of C, keeping extending to the downside as long as retailers bottom fishing in mass. We believe that Natgas will provide a beautiful long opportunity, but only once retailers will be shaken out. Price bounced from our support, but created lower highs in a triangle.
We are sort from @2.628 stop loss @2.7 risk 0.5%. Targeting a lower low in the 2.2-2.3 area.
Best
GMR
We are sort from @2.628 stop loss @2.7 risk 0.5%. Targeting a lower low in the 2.2-2.3 area.
Best
GMR
Trade closed manually
good volume at the daily PG trigger around 2.52. Also retail bullish sentiment decreased.. it may be willing to capture more bulls before killing them.
It can keep dropping, but we want to reduce risk so we are taking profits at 2.523 for 0.5% gain.
Trade active
retesting triangle and rejecting GZ--> short from @2.458 sl @2.54 risk 0.4%
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Related publications
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.