LNG Natural Gas Energy Play Long
Atualizado
AMEX:LNG
LNG having trended down with the fall in the price of natural gas is now sitting in the support zone.
I anticipate an up-trending retracement to potentially as up as the resistance zone.
Rising relative volume and rising relative strength lend support to a reversal as does
the consolidation in the price of natural gas after a recent fall.
As a swing long trade the stop loss is below the support zone with the first target of about $ 160 or a 50% retracement
and the final target at $ 167 before resistance.
LNG having trended down with the fall in the price of natural gas is now sitting in the support zone.
I anticipate an up-trending retracement to potentially as up as the resistance zone.
Rising relative volume and rising relative strength lend support to a reversal as does
the consolidation in the price of natural gas after a recent fall.
As a swing long trade the stop loss is below the support zone with the first target of about $ 160 or a 50% retracement
and the final target at $ 167 before resistance.
Trade fechado: objetivo atingido
Call options trade completed today. LNG @ $170 in consolidation at target resistance.
Aviso legal
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