NG1. Natural Gas may Double-top at important resistance

2016年11月28日

NG1 futures may top as soon as this week and have an important correction. There is an important resistance level at 3.50 area which is a match of one of two gaps left to close and a 141% Fibo extension of a current bullish run. Also, if a weekly candle closes below 3.36 , it would create a double-top patern which is highly bearish.

If the 141% level is not broken on a weekly level, it may mean a Cypher pattern drawn on this board is completely valid and next target to which we would get is 2.195 area.

2016年12月1日

註釋

In theory, natural Gas and oil should reverse together and currently both are very close to the targets...

2016年12月1日

交易進行

Shorted 3.505, SL: 3.70. TP1: 2.80, TP2: 2.200

2016年12月2日

註釋

Moving short to breakeven, for now +3%

2016年12月7日

手動結束交易

Posting new chart