Natural Gas FuturesShort
NaturalGas Moves Sideways, Add Another Doji to the Mix
Updated
Natural Gas moved sideways again today, making that 4 dojis in the last 5 trading days. Trapped within the confines of the 7 and 21 day moving averages, today did close below the pair which is a positive sign for our short side position. I am still looking for a final push down to the 3.05 lower Bollinger Band.
The Heikin-Ashi chart confirms price is confined to a tiny sliver. At some point, we will see a major breakout. It may take awhile but when it does break, it should give us excellent trading action.
Disclaimer: This post is for educational purposes only. Trading is at your own risk.
The Heikin-Ashi chart confirms price is confined to a tiny sliver. At some point, we will see a major breakout. It may take awhile but when it does break, it should give us excellent trading action.
Disclaimer: This post is for educational purposes only. Trading is at your own risk.
Trade closed: target reached
First target of 3.05 reached!
Related publications
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.