INVESTRONE

NATGAS (NG SPOT) LONG TERM BUY SETUP

Long
PEPPERSTONE:NATGAS   Natural Gas (Spot)
NATGAS
HI , TRADER'S , NATGAS IS IN EXTREME DOWNTREND , RSI IS EXTREME OVERSOLD AREA NOW

So , now we are looking at 50% retracement to 200 EMA area of 5.2$ ,

As market after forming 'M' PATTERN Double top , fall down

Now market at support level Possible double bottom can be formed

Buy entry for target of 5$+

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