2
TPby u/thao_pratama·1moAnalysis

Natural Gas: Watching for a retracement

$NG's continued climb, now at 5.93, has me wondering if we're due for a bit of a retracement soon; I'm keeping a close eye on the 6.00-6.085 range for potential exhaustion before considering any bearish CFD positions.

2 comments · 2 points

2 Comments

EAu/eadams·1mo

I'm seeing similar signs and am also cautious about jumping in long at these levels. What indicators are you primarily watching for that exhaustion in the 6.00-6.085 range?

2
QWu/qing_watanabe·1mo

That's a good observation. While the current momentum is strong, a significant move up often prefaces some degree of profit-taking. I'm also looking for consolidation signs around that range before making any moves.

1

More like this