Natural Gas: Long-term view
Greetings!
Was keeping an eye on NATGAS and I saw the price forming an ending structure inside a channel. The price is in a big downtrend for a while now, but I am expecting the price to give us some green signs soon.
We may drop a bit more towards an important Daily demand area which will also act as a stop hunt move from the big boys. In this regard, I will be focusing on the buys instead of sells.
I am expecting the price to reach that area and then reverse. If we start going up and we get a breakout followed by a pullback, I am anticipating a high chance of moving up, at least for a correction in the bigger scale.
My first area to watch if we start going up is the first 4H supply zone highlighted on the chart.
Trade safe.
Was keeping an eye on NATGAS and I saw the price forming an ending structure inside a channel. The price is in a big downtrend for a while now, but I am expecting the price to give us some green signs soon.
We may drop a bit more towards an important Daily demand area which will also act as a stop hunt move from the big boys. In this regard, I will be focusing on the buys instead of sells.
I am expecting the price to reach that area and then reverse. If we start going up and we get a breakout followed by a pullback, I am anticipating a high chance of moving up, at least for a correction in the bigger scale.
My first area to watch if we start going up is the first 4H supply zone highlighted on the chart.
Trade safe.
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