Natural Gas Futures
Long

NATURAL GAS Best buy opportunity of the Channel Up.

269
Natural Gas (NG1!) touched yesterday the bottom (Higher Lows trend-line) of the 1.5-year Channel Up, marginally below the 1D MA200 (orange trend-line) and is reacting so far today with a bullish tone.

If this evolves in a full-scale rebound, then technically it will be the pattern's new Bullish Leg. The previous one rose by +161.12% and a repeat of that will take this Leg back to the top of the Channel Up.

Our Target is marginally below that mark, on the 2.5 Fibonacci extension level at 6.800.

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