Good week everyone!
Quick look at NATGAS. as we can see, the 2.50 zone has been a huge and unbreakable support since beggining of 2017 and recently we tested it again, and rejected it.
-Rsi turning Bullish
-Down wave volumes are decreasing
Ok lets take a look on daily chart:
So far we are on a small descending channel, close to the top of it, what do i'd like to do?
Wait for a re-test of the middle of the channel near 2.70 zone before going long, S.L under 2.50 level.
Short term targets are 3.00 level and long term 3.45 usd .
Patience is the key, dont try to anticipate the market, especially going long on a (so far) bear market.
The mind is the limit.
This is a medium term idea.
This Trading Idea is to be used for educational purposes only. This idea does not represent financial advice and its NOT a signal. You should trade based only on your own technic and knowledge.
Quick look at NATGAS. as we can see, the 2.50 zone has been a huge and unbreakable support since beggining of 2017 and recently we tested it again, and rejected it.
-Rsi turning Bullish
-Down wave volumes are decreasing
Ok lets take a look on daily chart:
So far we are on a small descending channel, close to the top of it, what do i'd like to do?
Wait for a re-test of the middle of the channel near 2.70 zone before going long, S.L under 2.50 level.
Short term targets are 3.00 level and long term 3.45 usd .
Patience is the key, dont try to anticipate the market, especially going long on a (so far) bear market.
The mind is the limit.
This is a medium term idea.
This Trading Idea is to be used for educational purposes only. This idea does not represent financial advice and its NOT a signal. You should trade based only on your own technic and knowledge.
Nota
I still expect the price to drop further until 2.70~2.65 zone and then it'll be a good time to search a good long opportunity with a very good RxRNota
Price still sideways, i'd still like some sell off before going long.Nota
A very interesting bullish pin bar MAY be forming on daily chart right nowOf course we wait for closure, anyway we can already see that there is a lot of demand on the demarcated support zone =)
Nota
update
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.