NATURAL GAS: Bearish Triangle Breakout (Sell)

Natural Gas: had a bearish breakout from a triangle pattern as price trade below 2.850. The triangle pattern formed as early as March, 2016, trading between 2.350 to 3.850. Nat gas has been extremely volatile since the end of July as price fluctuates sharply between 2.810 to 3.110. However, a bearish breakout occurred last week as price fell of a cliff trading below 2.800. Now, Nat gas has been trading in a range since last week between 2.760 to 2.850

Strategy:

Plan A: Sell at 2.820-2.800, Target Price 2.600, Stop Loss 2.900

Daily Chart NATURAL GAS

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