Natural Gas extends to fresh 2025 high above 2023 high

avatar
· 阅读量 40

Natural Gas (NG) bounced more than 2.5% Friday (on the March contract), closing once again near the 2025 high.  A significantly higher March low versus the February low is all but assured, reinforcing the higher March high versus the February high, which in term was higher than the January high and the December high.  With the 2025 high higher than the 2023 high, a major bottom has completed.  Healthy multi-month consolidation will likely kick in once NG reaches the 38.2% Fib retrace of the 2022-2024 bear market.  Volatility may arrive sooner with Thursday’s highly anticipated weekly storage figures.  The weekly, daily and 4hr RSI, stochastics and MACD are bottomish or rallying.  I am looking to enter long in the green zone (of the daily chart), targeting the red zone for Friday.  The amber/yellow zone is where I might place a stop if I was a swing trader (although in my personal account with which I seldom hold overnight I sometimes set my stops tighter). 

Weekly/daily/4hr

Natural Gas extends to fresh 2025 high above 2023 high

Share: Analysis feed

风险提示:以上内容仅代表作者或嘉宾的观点,不代表 FOLLOWME 的任何观点及立场,且不代表 FOLLOWME 同意其说法或描述,也不构成任何投资建议。对于访问者根据 FOLLOWME 社区提供的信息所做出的一切行为,除非另有明确的书面承诺文件,否则本社区不承担任何形式的责任。

FOLLOWME 交易社区网址: followme.asia

喜欢的话,赞赏支持一下
avatar
回复 0

加载失败()

  • tradingContest