Natural Gas Short Term Trend Change
The protect profits price has been broken, if you haven't done so already you should be looking at bearish positions.
The green and orange lines have not been modified since the original chart earlier this week.
Natural gas has strength when it rallies but is not able to hold on to the gains. The front month contract has been stronger then the following months which possibly indicates continued supply/demand worries for this summer. Very understandable for the current situation.
If this move to the downside gets continuation it is possible to see something worse then the orange line, natural gas has significant downside moves as was seen last week.
Protect your capital at all times and only take low risk high reward trades that you completely understand. Sitting on the sidelines is a strategy, don't worry about missing out. Learn how to trade properly before risking your hard earned money.
The green and orange lines have not been modified since the original chart earlier this week.
Natural gas has strength when it rallies but is not able to hold on to the gains. The front month contract has been stronger then the following months which possibly indicates continued supply/demand worries for this summer. Very understandable for the current situation.
If this move to the downside gets continuation it is possible to see something worse then the orange line, natural gas has significant downside moves as was seen last week.
Protect your capital at all times and only take low risk high reward trades that you completely understand. Sitting on the sidelines is a strategy, don't worry about missing out. Learn how to trade properly before risking your hard earned money.
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