Price Action Forecast for Natural Gas on 30th December
As per price action there is a bullish signal created in Natural Gas on 29th December . It is clearly observed in the daily price chart of Natural Gas that it is in Downtrend making Lower Lows. Today at the opening bell of Commodity market Natural Gas opened Gap Up. Whole day it was in the Buy position and Closed in the extreme top. This may be its Price Action buy signal at the bottom for retracement. Today I am in a Buy i. e in a long Position in Natural Gas . I placed my buy order at the closing bell i.e at 11.50 P.m .Tomorrow I hope a Gap Up in Natural Gas. My target for this positional trade is 5 Points above my buying level and the stop loss is the low price of 29th December. Just have a look at the daily price chart of Natural Gas.
Daily price chart of Natural Gas as on 29th December.
I will update the result tomorrow.
Result of Price Action Trade set up for Natural Gas as on 31st December
Stop Loss Triggered. Stop Loss was 195.40