Home About the company Daily reviews Natural Gas/USD Trading Analysis (27/11/2023)

Natural Gas/USD Trading Analysis (27/11/2023)

27.11.2023

Market Review

The downward wave structures are truncated. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold state. Bears are testing the mirror level of 2.780.

Natural Gas/USD chart as of 27/11/2023 with technical indicators

Trading idea:

Buy at the formation of the ascending wave structure, when the A-wave breaches the sloping channel of the downward truncated structure.

Stop-Loss under the local minimum of the descending structure.

Target price levels: 2.950, 3.170.

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Author: GC
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