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Natural Gas vs USD Analysis, Chart, and Trading Idea

05.04.2023

Market Review

#NG
 



The descending truncated wave structure finished with the breach of the sloping channel. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold state. The breach of 2.087 will begin the formation of the ascending wave structure.
 



Trading idea:

Buy at the breach of 2.087;

Stop-loss: 1.920;

Target price levels: 2.346, 2.618.

Author: GC
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