Bullish 0.5 Fib Retrace Natural Gas

24 Tem 2018

2.7 level support established in May. Respected on 7/19 and a quick retest today. Unless it dumps into close today, I consider this a daily reversal candle. I expect a 50% retrace of the most recent downswing for a ~5% gain in the next 1-3 weeks.

Entry: 2.731
Target: 2.863
Stop: 2.648