Natural Gas Signals
Risk 0.5%
Trades can be taken at any time.
Long trade 1
• on a move above $3 lasting more than 2 hours, go long and aim for $3.15
• put stop loss at $2.93
• move stop loss to break even once the market hits $3.10
• take half profits as soon as the markets hit $3.10
Short trade 1
• on a break below the 2.93 level lasting more than 2 hours, sell and aim for $2.75
• put stop loss at $3.01
• move stop loss to break even once market breaks below $2.80
Natural Gas Analysis
Natural Gas actually looks fairly well supported just below current levels. However, as you can see I have an uptrend line on the chart that has been fairly reliable and hence looks to be a decent trading area. If we break down below there, then that’s obviously very bearish and the market could find itself retracing all the way to the $2.75 level or lower. On the other hand, if we get some type of bounce from here it would make sense that the buyers may return as it is such an obviously well supported area.
There are no announcements that should directly affect the natural gas markets today.