We've asked our friend Jim Robinson of profittrading.com to provide his expert analysis of charts to our readers. Each week he'll be be analyzing a different chart using the Trade Triangles and his experience.
Today he is going to take a look at the technical picture of March Natural Gas (NG.H13.E).
I hope you are having a GREAT week !
This week we will take a look at March Natural Gas.
The monthly MarketClub Trade Triangle for Natural Gas is green which means the long-term trend is up.
The weekly MarketClub Trade Triangle for Natural Gas is red which means the intermediate-term trend is down.
If Natural Gas trades higher from here and the weekly Trade Triangle turns green that will mean all time frames are points up.
When all time frames are pointing in the same direction odds are the market will continue in that direction.
The 50 day simple moving average shows that Natural Gas is trending higher.
The MACD is on a buy signal.
So the 50 day moving average and MACD are showing the odds are with the upside right now.
So this is definitely looks like a great Chart to Watch right now as the picture will turn extremely bullish if the weekly MarketClub Trade Triangle does turn green !!
Thanks,
Jim Robinson
Profit Trading.com
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