I believe Nat Gas is approaching a crucial demand zone! WHAT NEXT?
My current view remained neutral and speculative with Natural Gas being in a range of 2.9xx - 3.400. However, Natural Gas could develop a bullish move if the weather condition in the US continued to strengthen.
For Intraday traders, you could look for Buy setups as it approaches 2.9xx with R:R ratio at 3.04. To be more clear, your target will be at 3.400 and stoploss at 2.740. If you want to be risky your stop loss could be at 2.550.
For Swing traders and Position traders, I will not take this trade.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
~ Tuan Anh Commo
My current view remained neutral and speculative with Natural Gas being in a range of 2.9xx - 3.400. However, Natural Gas could develop a bullish move if the weather condition in the US continued to strengthen.
For Intraday traders, you could look for Buy setups as it approaches 2.9xx with R:R ratio at 3.04. To be more clear, your target will be at 3.400 and stoploss at 2.740. If you want to be risky your stop loss could be at 2.550.
For Swing traders and Position traders, I will not take this trade.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
~ Tuan Anh Commo