nelsyboy

Natural Gas Possible Path (Updated)

Long
CURRENCYCOM:NATURALGAS   Natural Gas
I had originally published a BUY trade idea which I am still in but currently running at a loss. However, I did fail to notice the current wave patterns at that point which now offers some sense as to why the trade has gone against the hopeful BUY direction. I do believe the current leg down is a mini ABC correction phase and I am hopeful for a move up next week. I do think that this BUY trade is for the very long term (months) and may well be a bit rocky, but the price GAP in December 2022 will eventually act as magnet and bring this commodity back off the bottom.
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.