As per our previous analysis, Natural Gas is in a big sideways move, but what we're interested in today, is that it will retest the previous highs taking the price in the 3.5 area, making it for a good buy opportunity.
If you are already in the buy with a buy and hold strategy, beware that the price could break the previous low, making the corrective structure still a running flat, although with a lower than expected low (dotted lower flat line, in yellow).
Even if it breaks said low at 2.519, in fact, the structure does not change a bit: there will still be the expected upside movement, it will just be a little later. Monitor closely for first or additional buy opportunities. Target in the 3.4 - 3.5 area.
If you feel that our analyses and views may be a useful complement to your trading strategies and in order to be notified in real time with our updates on the lower timeframes, please remember to click on the Follow button.
Remember that you can double check the bigger structures that are at play are on the weekly and daily time frames also by scrolling around the charts in the lower 4hr and 60min timeframes (right and left, up and down).
Trade with care and only with a backtested strategy that has proven to work in relation to your invested capital, risk appetite and potential small losses you might incur in before profiting from a good trade.
If you are already in the buy with a buy and hold strategy, beware that the price could break the previous low, making the corrective structure still a running flat, although with a lower than expected low (dotted lower flat line, in yellow).
Even if it breaks said low at 2.519, in fact, the structure does not change a bit: there will still be the expected upside movement, it will just be a little later. Monitor closely for first or additional buy opportunities. Target in the 3.4 - 3.5 area.
If you feel that our analyses and views may be a useful complement to your trading strategies and in order to be notified in real time with our updates on the lower timeframes, please remember to click on the Follow button.
Remember that you can double check the bigger structures that are at play are on the weekly and daily time frames also by scrolling around the charts in the lower 4hr and 60min timeframes (right and left, up and down).
Trade with care and only with a backtested strategy that has proven to work in relation to your invested capital, risk appetite and potential small losses you might incur in before profiting from a good trade.
