Short Natural Gas
SL 5.25
TP1 @ 1:2 RR
TP3 @ 1:3 RR
Trail SL rest of position every 1:1 move.
NG has reached and seems to have rejected its upper channel. Short from here with SL just above monthly upper true range. Aim for some bigger targets if you are capitalized well enough. It may still have enough strength to break to the upside based off its recent huge move with plenty of volume behind it. Don't risk too much, perhaps looks to scale into your position or wait for some trend confirmation to the downside.
TP1 @ 1:2 RR
TP3 @ 1:3 RR
Trail SL rest of position every 1:1 move.
NG has reached and seems to have rejected its upper channel. Short from here with SL just above monthly upper true range. Aim for some bigger targets if you are capitalized well enough. It may still have enough strength to break to the upside based off its recent huge move with plenty of volume behind it. Don't risk too much, perhaps looks to scale into your position or wait for some trend confirmation to the downside.
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