Panjang
#NATGAS - Surely not?
Hi all!
This chart is pretty self explanatory and tells a lot of potential stories.
As we all know, NATGAS is a beast of it's own and often technicals are embarrassed by NATGAS movements.
But considering inflation, whispers of war, absurd weather, perhaps this isn't as crazy as it sounds.
Anyhow, I really wanted to put this out there as a lot of technical indicators are suggesting a bull run.
Weekly and Monthly RSIs are both towards oversold and the current political and economical situations point at a commodity bull run, especially is Oil and NatGas.
This chart is pretty self explanatory and tells a lot of potential stories.
As we all know, NATGAS is a beast of it's own and often technicals are embarrassed by NATGAS movements.
But considering inflation, whispers of war, absurd weather, perhaps this isn't as crazy as it sounds.
Anyhow, I really wanted to put this out there as a lot of technical indicators are suggesting a bull run.
Weekly and Monthly RSIs are both towards oversold and the current political and economical situations point at a commodity bull run, especially is Oil and NatGas.
Dagangan aktif
NATGAS has seen huge selloffs recently and it has developed a bullish flag as a result.
With the positive RSI divergence in place, I believe this might be the bottom.
I've position myself with a buy, with a pretty tight stop loss. First target is @ 4.45
Dagangan aktif
Has made enormous movements to the target, looks like it is taking a breather - perhaps because one of the most industrial countries in the world (china) is forcing itself on a lockdown/
Penafian
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.
Penafian
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.