NatGas trade idea
Updated
Looking at NatGas, Im going long with BOIL. NAtGas is close to a double bottom here, %R is oversold, and the TSI is corssing and rising.
Note
struggling at Support Resistance (purple arrows)Note
NatGas not moving higher as expected. Watch the support zone have stops just below. Could be a bear flag or giant H&S pattern playing out. Note
NatGas finally making the turn. Support held, and we are now moving higher. BOIL up 9%. TSI and %R look to be turning higher as well. Note
NatGas coming up against the resistance zone. Look for a push through Tomorrow.Note
Looking for a move to the 38.2% or 61.8% fibo. Trade closed: stop reached
Stopped out, trade didn't work out.
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