Natural Gas/USD Trading Analysis (27/11/2023)

The downward wave structures are truncated. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold state. Bears are testing the mirror level of 2.780.



Trading idea:

Buy at the formation of the ascending wave structure, when the A-wave breaches the sloping channel of the downward truncated structure.

Stop-Loss under the local minimum of the descending structure.

Target price levels: 2.950, 3.170.

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