The content of the website is not personally directed to you, and we does not take into account your financial situation or needs.The information contained in this website is not necessarily provided in real-time nor is it necessarily accurate. When making any financial decision, you should perform your own due diligence checks, apply your own discretion and consult your competent advisors. It does not constitute, and should not be read as, any recommendation or advice to take any action whatsoever, including to make any investment or buy any product. Important Disclaimers The content provided on the website includes general news and publications, our personal analysis and opinions, and contents provided by third parties, which are intended for educational and research purposes only. That higher zone includes the completion of a large, measured move (2) that will match the price change in the first measured move (1) at 3.00.įor a look at all of today’s economic events, check out our economic calendar. Once a daily close above 2.67 further confirms strength, natural gas is next on target for a resistance zone around 2.77, followed by the 3.00 price zone. Upside continuation may come tomorrow or in the coming days if the trend continues in the near term. Today’s bullish price action and strong daily close near the top 25% of the day’s range bodes well for the bull trend. But the value represented by the line will change moving forward given the angle of slope. Currently, that line is around the top of the resistance range at 2.67. If it does, resistance could be seen near the trendline at the top of the pattern. Whether this pattern continues to have an influence remains to be seen. The boundary trendlines are heading away from each other. It is close to the top trendline of a bottom expanding triangle consolidation pattern. Nevertheless, natural gas is not necessarily going to maintain a sharp rally. A daily close above that high will provide new confirmation of strength. The identified resistance zone on the chart goes up to a swing high at 2.67. Today’s rally also completed a 61.8 Fibonacci retracement at 2.62. ![]() The first target zone for natural gas has been reached and the completion of a rising ABCD pattern was done at 2.61. Orders placed by other means will have additional transaction costs.Natural Gas Complete First Target for ABCD Pattern Spreads, Straddles, and other multiple-leg option orders placed online will incur $0.65 fees per contract on each leg. Prior to trading options, you should carefully read Characteristics and Risks of Standardized Options. ![]() Options are not suitable for all investors as the special risks inherent to options trading may expose investors to potentially rapid and substantial losses. Trading foreign exchange on margin carries a high level of risk, as well as its own unique risk factors. ![]() Clients must consider all relevant risk factors, including their own personal financial situation, before trading. Trading stocks, options, futures and forex involves speculation, and the risk of loss can be substantial. Past performance of a security or strategy is no guarantee of future results or investing success. Market volatility, volume and system availability may delay account access and trade executions. This is not an offer or solicitation in any jurisdiction where we are not authorized to do business or where such offer or solicitation would be contrary to the local laws and regulations of that jurisdiction, including, but not limited to persons residing in Australia, Canada, Hong Kong, Japan, Saudi Arabia, Singapore, UK, and the countries of the European Union. Do Not Sell or Share My Personal Information
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