Natural gas has bounced off its strong support level and is showing signs of upward movement, particularly evident on the hourly chart. Dips are being bought up, with the price quickly returning to previous levels.
Downsides: The downtrend is still in place (though it may potentially be broken), and there's a relatively long stop-loss below yesterday’s candle low at 2.98.
📝Trading Plan
Entry: buying gold at the current level
Stop Loss: 2.98
Target: 3.36, 3.62, and 4.20.
Downsides: The downtrend is still in place (though it may potentially be broken), and there's a relatively long stop-loss below yesterday’s candle low at 2.98.
📝Trading Plan
Entry: buying gold at the current level
Stop Loss: 2.98
Target: 3.36, 3.62, and 4.20.
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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.