Further upward movement in natural gas is limited. The trend remains bearish.
The only thing that holds me back from opening a short position is the need for a wide stop above the 3.85 high, which is nearly 4.5%. The downside target is at least the $3 level, potentially down to $2.60.
Everything looks good, but the stop is very wide.
That’s why I’m starting with a small position size and will add more as the idea plays out .
The only thing that holds me back from opening a short position is the need for a wide stop above the 3.85 high, which is nearly 4.5%. The downside target is at least the $3 level, potentially down to $2.60.
Everything looks good, but the stop is very wide.
That’s why I’m starting with a small position size and will add more as the idea plays out .
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