Natural Gas/USD Trading Analysis (17/01/2024)

The trend is ascending. Natural Gas is traded in the range between 365 and 135 ЕМА. The bulls have tested the historical mirror level of 2.800 and also the 200 ЕМА on the H4 timeframe. There is a bullish divergence on the Awesome Oscillator.



Trading idea:

Buy when the formation of the ascending wave structure begins, when the wave A breaches the sloping channel of the downward structure.

Stop-Loss under the historical mirror level of 2.800

Target price levels at 3.100 and 3.400.

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