Trade Alert
Natural gas is balancing on the upwards moving trendline, for now. The question here is, will we get a break below?
Until that trendline holds strong, we will stick to the upside. But a good confirmation of the possible upside move, could be a close above the 2.870 level. This way could start positioning ourselves for a possible move back up towards the 2.935, 2.995, or even the 3.050 areas.
On the other hand, a break below the upside trendline, could set the stage for lower levels (please the chart for details)
Always have your SL in place.
Natural gas is balancing on the upwards moving trendline, for now. The question here is, will we get a break below?
Until that trendline holds strong, we will stick to the upside. But a good confirmation of the possible upside move, could be a close above the 2.870 level. This way could start positioning ourselves for a possible move back up towards the 2.935, 2.995, or even the 3.050 areas.
On the other hand, a break below the upside trendline, could set the stage for lower levels (please the chart for details)
Always have your SL in place.