NATURAL GAS complete upside reversal
Natural Gas is breaking above the falling trend line and a horizontal resistance 2.49 for a complete upside reversal. A break below 2.20 is required for the downside reversal and extension lower. For an upside continuation and higher probability long trade entries, we need to see a confirmed break above 2.49. Natural Gas reached 1.515 historic low and formed a base for a bounce and reversal higher. The overall long-term is a downtrend and a confirmed break below 1.5 will lead to an extended continuation lower.
Note – We are inclined to long trade entries with the stop loss below 2.20
Quote of the Day
You can trade reversals almost every day, but a huge, profitable one, only couple of times per year
If you want to learn trading analysis and how to get to key trading levels like in this article register for Private Live mentoring with your trading evaluation.
Sponsored by our recommended brokers.
