So recently I published a chart showing 5 options to which NGAS could head towards. Currently it has made a new low and I expect a slight retracement towards the upper trendline on a lower time frame. Looking at this from a long term perspective, we are nearly heading out of the winter months and so I can only anticipate further movements south for this instrument.
Looking at the chart shows a very simply setup and the potentially next target would be the Fib extension 127.2% which coincidentally would bring us to around Sept/Oct time, a time where this instrument becomes more in demand.
Keep your eyes peeled, if the upper trendline is respected then I would estimate that price moves towards the 1.0-0.5 region.
For more information please sign up to my website in development: www.ejfxtrading.com
Looking at the chart shows a very simply setup and the potentially next target would be the Fib extension 127.2% which coincidentally would bring us to around Sept/Oct time, a time where this instrument becomes more in demand.
Keep your eyes peeled, if the upper trendline is respected then I would estimate that price moves towards the 1.0-0.5 region.
For more information please sign up to my website in development: www.ejfxtrading.com