NGAS: Natural gas is a low risk buy

2020年1月9日I think Nat Gas is bottoming here for a while. It can swing up strongly, if it holds up. We have 4 days without going any lower, soon to be 5, the next move is going up and retesting the key level at 2.27, if holding over it, the next level is 2.88.
We have 5 months already, where price stayed higher than the lowest low which took place back in August 2019. A higher high by February would be extremely constructive for NGAS.

A 3 times the daily Average True Range indicator value stop loss distance would give long positions enough room to breathe, in case it didn't yet bottom in the daily chart. Normally this is a good stop loss methodology, to buy into mid term positions and avoid short term noise.

Cheers,

Ivan Labrie.