NATURE GAS: Try Buying at Pullback
Nature gas has jumped since 23 Aug, which got a near 30% rise.
There is a retreat, which may stop at 2.40 which is a good demand zone.
If the above demand zone cannot stop the drop, buy at another demand zone, 2.27, the neckline of the bottom, 0.618RET.
So two plans for NATGAS:
Plan 1:
Entry:2.40
SL: 2.380
TP: 2.75
Plan 2:
Entry: 2.27
SL: 2.20
TP: 2.75
Plan 2 is much likely to succeed, while plan 1 is a try.
There is a retreat, which may stop at 2.40 which is a good demand zone.
If the above demand zone cannot stop the drop, buy at another demand zone, 2.27, the neckline of the bottom, 0.618RET.
So two plans for NATGAS:
Plan 1:
Entry:2.40
SL: 2.380
TP: 2.75
Plan 2:
Entry: 2.27
SL: 2.20
TP: 2.75
Plan 2 is much likely to succeed, while plan 1 is a try.
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