Natural Gas/USD Trading Analysis (07/02/2025)
The trend is descending. Gas is traded in the range between 365 and 135 ЕМАs. The upward truncated wave structure finished with the breach of the sloping channel. There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals an overbought condition.
Trade idea:
- Buy on the breach of 3.596.
- Stop-loss at 3.682.
- Price targets at 3.500 and 3.430.
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