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#NaturalGas | 4H Trade Setup Update Trade Position: - Entry: Long at 2.07 (Golden Pocket Fib)
4 months ago
2
#NaturalGas | 4H Trade Setup Update
Trade Position:
- Entry: Long at 2.07 (Golden Pocket Fib)
- Stop Loss: 2.04
- Take Profit: 2.19
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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