Natural Gas/ NG is trading inside a Bullish Megaphone and the price is now on the corrective wave after the latest Higher High.
Support A at 2.860 is the first line of defense and with the price this much under the 1day MA50, the most optimal buy entry technically within the Megaphone (observe the circles).
Buy now and target 3.600 (Resistance A).
Sell if the price crosses under the Megaphone and target 2.500 (top of Support Zone A). This is not unlikely as the 1day MA50 is displaying a Bearish Divergence.
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Support A at 2.860 is the first line of defense and with the price this much under the 1day MA50, the most optimal buy entry technically within the Megaphone (observe the circles).
Buy now and target 3.600 (Resistance A).
Sell if the price crosses under the Megaphone and target 2.500 (top of Support Zone A). This is not unlikely as the 1day MA50 is displaying a Bearish Divergence.
Follow us, like the idea and leave a comment below!!
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TheCryptagon offers news & insights on global markets (crypto, forex, stocks, commodities). Follow so you don't miss anything!
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
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TELEGRAM: t.me/thecryptagon
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