Natural Gas, Gap Closed (Free Analysis)

The five-year restart has taken place, but the fact that the Gaps at 1.76 and 1.57 have been left open makes me think of a bearish annual and therefore a potential bullish trap in this first phase, and yet another depreciation from now until September '24 in A1 Annual or even in February '25 in the annual cyclical closure.

How can we try to seize an operational opportunity? Attempting a Short now on the Gap closure at 2.71 with the primary target at 1.76 and the second target at 1.40 on the V & N Waves at 1.40 .

The Stop Loss will have to be very short, 2.92 and no more, we can never afford for losses to exceed potential profits.

The MCS D1, after a long phase of compression in excess of weakness, has restarted upwards in the absence of a Long signal, I would not exclude a definitive sinking of the price (1.40) and a consequent Long signal that would formalize the bullish restart in the long term of the Natural Gas price.

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I realize that it is difficult to imagine a bearish annual cycle (for multiple reasons the software shows a standard annual cycle), for this reason I will graphically show you what such a cycle will look like in case the new downtrend is confirmed:

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Source : TheCyclicalTrading