#NATGAS - Surely not?

29 Oca 2022

Hi all!

This chart is pretty self explanatory and tells a lot of potential stories.

As we all know, NATGAS is a beast of it's own and often technicals are embarrassed by NATGAS movements.

But considering inflation, whispers of war, absurd weather, perhaps this isn't as crazy as it sounds.

Anyhow, I really wanted to put this out there as a lot of technical indicators are suggesting a bull run.

Weekly and Monthly RSIs are both towards oversold and the current political and economical situations point at a commodity bull run, especially is Oil and NatGas.

10 Şub 2022

İşlem aktif

NATGAS has seen huge selloffs recently and it has developed a bullish flag as a result.

With the positive RSI divergence in place, I believe this might be the bottom.

I've position myself with a buy, with a pretty tight stop loss. First target is @ 4.45

11 May 2022

İşlem aktif

Has made enormous movements to the target, looks like it is taking a breather - perhaps because one of the most industrial countries in the world (china) is forcing itself on a lockdown/