Timonrosso

Waiting for breakout natural gas

Long
NYMEX_DL:NG1!   Natural Gas Futures
W Formation seems to be forming on Natural Gas - But a couple of gaps need to close first.

Right now it's far too premature to do anything as a breakout trader.

It's like putting an egg to boil and eating it 2 minutes into boiling.

We need to wait for the breakout

We also need to wait for the price to cross at least the 20MA.

Only then we could see a potential target of 2.85

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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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