CFDs on Natural GasShort
NATGAS - this could be really bad times for natural gas
After last years end rally the gas price knows only one direction - down
The price is now near very important resistance which has last high volume in this price area.
This market is currently no trading area - wait for short confirmation and enter the trade after support line break
Should 2,500 not break down the market has to be re analyzed
The technical trend construction shows clear down trend which hasn´t been broken after last high, end of 2018. If we follow the textbook next step is lower low than the last low from 2016.
Good luck to all !
The price is now near very important resistance which has last high volume in this price area.
This market is currently no trading area - wait for short confirmation and enter the trade after support line break
Should 2,500 not break down the market has to be re analyzed
The technical trend construction shows clear down trend which hasn´t been broken after last high, end of 2018. If we follow the textbook next step is lower low than the last low from 2016.
Good luck to all !
The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.