Facts:
- NATGAS invalidated 1:1 structure at 3.085
- The price sits above 100-period moving average from H1 interval
Recommendation:
Trade: Long position on NATGAS at market price
Target: 3.30, 3.50
Stop: 3.04
Opinion: Looking at the technical situation on NATGAS, we can see that the commodity managed to break above the upper limit of the 1:1 structure, which according to the Overbalance strategy heralds a trend reversal. In addition the price sits above the 100-period moving average from the H1 interval. Taking this into account, one could expect the price to move higher from current levels. We recommend going long NATGAS at market price with two targets: 3.30 and 3.50. We also recommend placing a stop loss order at 3.04. Source: xStation5
