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CFDs on Natural Gas
Short

NATGAS bounces of the resistance

By JohnSwipe
Updated
NATGAS hit the 0.78 retracement, based on the June 29th high and July 5th low, and rolled over after failing to breach it on a second attempt. We're now looking for 2.887, a 1.27 Fib extension based off the previous move down, reminding you we're still in a bearmarket, supported by the 1D 50MA.
Trade closed: stop reached
Managed to break the resistance on a third attempt, now moving towards 3.1 for a final test.
Chart PatternsFibonacci ExtensionFibonacci RetracementTechnical IndicatorsnatgasNatural GasTrend Analysis
JohnSwipe

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