Dear traders and followers,
welcome to todays natural gas analysis.
The market price reached the October price support area and is likely to do a short term up correction which is a good buy opportunity.
Buy if the market hold the current price area for the next 24 hours and sell at the drawn sell area.
Indicators:
MACD baselines are near bullish crossing and the sell volume seems to decrease again
RSI baseline looks like a bullish divergence which indicates an incoming breakout
Buy entry at 61.8 Fibonacci retracement line
Sell entry at 38.2 Fibonacci retracement line
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