NG1. Natural Gas may Double-top at important resistance

28 בנוב׳ 2016NG1 futures may top as soon as this week and have an important correction. There is an important resistance level at 3.50 area which is a match of one of two gaps left to close and a 141% Fibo extension of a current bullish run. Also, if a weekly candle closes below 3.36 , it would create a double-top patern which is highly bearish.

If the 141% level is not broken on a weekly level, it may mean a Cypher pattern drawn on this board is completely valid and next target to which we would get is 2.195 area.

1 בדצמ׳ 2016

הערה

In theory, natural Gas and oil should reverse together and currently both are very close to the targets...

1 בדצמ׳ 2016

עסקה פעילה

Shorted 3.505, SL: 3.70. TP1: 2.80, TP2: 2.200

2 בדצמ׳ 2016

הערה

Moving short to breakeven, for now +3%

7 בדצמ׳ 2016

העסקה בוטלה באופן ידני

Posting new chart