Natural Gas/USD Trading Analysis (19/04/2024)
The trend is descending. The gas is traded in the range between 365 and 135 ЕМА. The upward wave structure is truncated. There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the overbought state.
Trading idea:
Sell when the formation of the downward wave structure begins, where the wave A breaches the sloping channel of the ascending truncated structure.
Stop-Loss at 1.763.
Target price levels at 1.655 and 1.608.
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