From TradingView · · 30s
Natural Gas Selling Rallies Favored
Natural gas selling rallies are heavily favored for NYMEX:NG1!
In brief
Natural gas selling rallies are heavily favored for NYMEX:NG1! Natural gas selling rallies are heavily favored for NYMEX:NG1! with short positions targeting 2.620. Originally reported by TradingView.
Natural Gas Futures
Natural gas futures turned bearish on 1D technical outlook with RSI 43.341, MACD -0.070, ADX 28.622.
Short Position Strategy
Short positions target 2.620 after 2-day losing streak since March.
Technical Sell Opportunities
Rallies toward R1 Zone are prime technical sell opportunities for short traders.
The main idea
Natural gas selling rallies are heavily favored for NYMEX:NG1! with short positions targeting 2.620.
