NATGAS - Time for a pullback?

2024年5月27日

There is a high possibility we are going down on the GAS

Technicals

1. We closed on a doji on the weekly
2. We have been pumping strong lately, and the charts are screaming for a pullback
3. We came to a key .618 FIB retracement level
4. I see a zone here which can act as a major resistance.

Trade

Looking for a position for a sell this week!.



Great trading all of you
& remember to always trade with caution and a plan :-)

Greetingz,

Simba Trades

2024年5月29日

註釋

As expected price is coming towards a POI. Looking to sell

2024年5月29日

交易進行

I am in position

SL: 2.920
TP 1: 2.435 (around)
TP 2: 2.3 (around)

2024年5月29日

交易進行

Trade is going well!

Moving SL to 2.735

2024年5月30日

交易進行

→ TP 1 smashed and took partials
→ SL to B/E

Congrats to whoever took sells! You should be in the money right now

2024年6月2日

註釋

GAP when market open! A lot of times they will close but with the GAS it depends on when. Based on market structure I am thinking we will go down.

2024年6月6日

取消訂單

Price reached my SL, but we got a W. This is why it's important to take partials!

2024年6月6日

註釋

I wanted to wait until natural gas storage data release and the development of the candles to give you an update on the analysis.

In my charts you can see both scenario. The bear or bull scenario are probability wise too much alike, so I am neutral.