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NATURAL GAS Last pump to the 1D MA50 before selling.

Short
NYMEX_DL:NG1!   Natural Gas Futures
Natural Gas (NG1!) gave us an excellent sell signal on our last 1D analysis (January 11 2024, see chart below) and easily hit our 2.135 Target:


That Channel Down broke and the new that has emerged is more aggressive, headed into a 1D MACD Bearish Cross. If that happens, we will sell on the spot, if not we will wait until a 1D MA50 (blue trend-line) test, ideally even marginally higher (+46% from the bottom). Our Target is 1.400 (-38.50% from the top, similar to the December 13 2023 Lower Low).


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