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#NaturalGas | 1H Trade Setup Update 🟢 Long Position: - Entry: Long at 2.26 (Golden Pocket Fib)
1 year ago
8
#NaturalGas | 1H Trade Setup Update
🟢 Long Position:
- Entry: Long at 2.26 (Golden Pocket Fib)
- Stop Loss: 2.23
- Take Profit: 2.37
● Current Status: Natural Gas is attempting to break above the 100-period moving average after finding support at the Point of Control (POC) within the range.
● Technical Indicators: Momentum and Money Flow: Both are falling, indicating a downward trend. Stochastic RSI: High, suggesting potential overbought conditions.
● Outlook: Remain cautious as momentum and money flow indicators are declining. Watch for a sustained breakout above the 100-period moving average to confirm the uptrend. The high stochastic RSI may signal overbought conditions, so monitor closely for any signs of reversal.
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