Natural Gas may be at the start of a big move higher
Natural gas has had a small move higher recently and has now pulled back to the 61.8% fib. This area is often a key price point where the market could start a major move higher. We could see a big trend starting from anywhere around here.
Even though we have the trend structure in place we will need to see buyers steps in and a trigger to buy signal. All we can do now is wait for the green trigger buy signal. Stop placement will be below the last swing low with an open profit target. However, if we do see buyers stepping in then 3200 would be an obvious target. Further up side from there is possible.
This could be big trade so all eyes on this market.
Even though we have the trend structure in place we will need to see buyers steps in and a trigger to buy signal. All we can do now is wait for the green trigger buy signal. Stop placement will be below the last swing low with an open profit target. However, if we do see buyers stepping in then 3200 would be an obvious target. Further up side from there is possible.
This could be big trade so all eyes on this market.
Tradingcollege.co.uk
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