Natural gas has been building a re-accumulation pattern since the start of December. This is following its big move down from the $6 price back in October 2021. The re-accumulation UTAD occurred on 12th / 13th Jan at the top of the range created by our initial downwards push back in October. Price has just hit the top of this range again giving us a good opportunity to sell. I have shorted here aiming for the $2.50 mark but more updates to follow as trade progresses.
Trade active:
Sold @ 4.055
Comment:
Not the best entry but price has returned to our range and now seems to be moving in the expected direction with increasing volume.