NATURALGAS looking like a bull trap to me more than bear trap. find out after london closeNatural Gas forum
NATURALGAS looking like a bull trap to me more than bear trap. find out after london close
NATURALGAS So if we break 3.47 and the double top from Monday then it's on and up.. otherwise maybe a messy range for a while?NATURALGAS trap for bears?
NATURALGAS Looks like a classic kiss good bye of the 200EMA. Has to be confirmed though.NATURALGAS sell starting
NGAS im still not convinced this is long.. if you look gas has created a huge bear flag and we are under all important levels. This could make one hell of a move down, ill stay out of the matket incase this weekend gap is downNATURALGAS seems london will potentially pump and NYs going to dump
NATURALGAS short all technicals are obvious dont be stupid even if this does rise a little its capped due to the surplus and weather
NATURALGAS may give unbreakable move if closing come above 3.41
NATGAS AI summary for today:Price jump from 3.14 → 3.288 = ~4.7% spike, reclaiming the July 8 close (3.28). Catalyst-driven move (bullish EIA storage report) = fundamental strength backing the reversal. Previous short setup is invalidated as the resistance level (3.28) has been broken
New Strategy: Bullish Reversal Play
Bias: Cautiously bullish. Enter a long position if the price holds above 3.28, confirming the breakout. Look for continued buying strength and strong volume to support the move. Stop loss should be placed below the July 9 low (around 3.14), or more tightly below 3.24 for reduced risk.
Profit targets are 3.41 as the first level (prior resistance) and 3.52 as the second level (top of the June range).
Watch open interest: if it rises with price, that indicates new long positions and strengthens the bullish case. If OI falls, it may just be a short-covering rally and caution is advised.