Target hit. Reversal emerging. Short.

2018年8月23日

TP = 2.978 (0.786 Fibonacci) hit as the earlier 1D Channel Up (RSI = 59.255, MACD = 0.027, Highs/Lows = 0.0026) delivered the desired Higher High. The price is now trading close to the first 1W Resistance (3.020) and our outlook on Natural Gas is changing to medium term bearish. We are short now, TP = 2.840 and 2.740 in extension (but under circumstances for which we will update).