Natural gas has confirmed a 3 month old buy signal with a break to the upside.
I have been bullish on this instrument since AUGUST.
Price produced a confluence of bullish flag (26 Aug completion) as well as an inverted H&S in early september.
I now see a continuation of a bullish channel. I am trading this as a series of medium term and and a long term trade with ultimate first TP being the closing of the fundamental gap at $3.50. I have no doubt we will see $4.50 in a few months
I have been bullish on this instrument since AUGUST.
Price produced a confluence of bullish flag (26 Aug completion) as well as an inverted H&S in early september.
I now see a continuation of a bullish channel. I am trading this as a series of medium term and and a long term trade with ultimate first TP being the closing of the fundamental gap at $3.50. I have no doubt we will see $4.50 in a few months
