Natural Gas has been on a strong bullish move. We could be nearing the half way point of a channel. If we near the upper limit of a channel I will look to sell and enter for a short-term counter trend trade.
Underlying Positions
UGAZ - Bullish Trend
DGAZ - Counter Trend
Fibonacci Extension
Recent High Jan. 26 to Recent Low Feb. 22
1.272 Extension TGT $3.726
Underlying Positions
UGAZ - Bullish Trend
DGAZ - Counter Trend
Fibonacci Extension
Recent High Jan. 26 to Recent Low Feb. 22
1.272 Extension TGT $3.726
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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.
Disclaimer
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.