Good day, dear traders! I present to your attention, a trading idea for natural gas (NG).
Natural gas has been trading at its historical lows recently. This week, it reached $ 1.6, which is an absolute record in recent decades.
The wave of gas sales coincided with the decline in oil prices.
Nevertheless, a fairly strong rebound from $ 1.6 occurred, which can be considered as the first wave of purchases in the classic three-wave ABC technical analysis:
The acceleration of gas can invigorate Europe.
The target point for TP is $ 2.
Good luck in trading and control your risks!
The material has been provided by InstaForex Company - www.instaforex.com