Here are reasons to short natural gas at this level:
1. Both MACD and RSI have reached overbrought level. 1 Year MACD reached historical high since Oct 2004.
2. Reached 2.7-2.73 resistance level
3. Mild temperature will not boost the short term demand.
1. Both MACD and RSI have reached overbrought level. 1 Year MACD reached historical high since Oct 2004.
2. Reached 2.7-2.73 resistance level
3. Mild temperature will not boost the short term demand.
Trade closed: target reached
Around 200 ticks profit per contract. Take profit and wait for a buy-in opportunity.Note
Waiting for an opportunity to buyTrade closed: target reached
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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.