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CFDs on Natural Gas
Long

NATGAS up?

By Daniel.T
Updated
NATGASUSD failed to make a lower low and is testing resistance at 3.3
I'm already bought earlier this day at 3.21 with very tight stop-los but will add extra positions if it can brake resistance and move above the 10 Daily EMA.
I will update later on.
Comment
Price "fighting" with 10 Daily EMA and again trying to brake resistance at 3.3 and also trying to brake R3 & R4 pivots. If it brakes I'm 100 bullish.
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EIA data was good. (Decline in gas inventory is more than expected) So we see a nice move up with a 3.42 spike
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First target is around 3.8 for me
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Previous resistance becomes support.
Trade looking good so far.
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Price at 10 Daily EMA. Good opportunity to re-enter. I placed a small buy position with tight stop los
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Trade closed manually
Priceaction to bearish. Closed trade. In profit but less than expected.
countertrendEnergy CommoditiesnatgasNATURAL GASswingtrade

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