Natural Gas (NG) Weekly MACD Positively Crossing

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Natural Gas (NG) is firming in today's European morning after 2 days of profittaking, trying to bounce off upchannel support (on the 4hr chart). With NG selling off Thursday at the 50% Fib retrace of the fall during the 1st two weeks of February, NG remains vulnerable to more consolidation in the 2.7-2.8 range leading into this week's storage figures. Nevertheless, the bigger picture is of NG trying to reverse a long term downchannel (on the weekly chart). The weekly RSI, Stochastics and MACD are bottomish or rallying. I am looking to go long in the green zone (of the daily chart), targeting the red zone for mid week. 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 set my stops tighter).


Natural Gas (NG) Weekly/Daily/4hr

NG (Natural Gas) Technical Analysis

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