Asset: Natural Gas (NG)
Bias: Bearish
Timeframe: 4H
Price: 2.757 · VWAP 2.779 · 9 EMA 2.808
Chart read
Still in a downtrend: the bounce from the 2.747 low stalled at 2.799 and price is slipping again, below VWAP and the falling 9 EMA.
Trade idea
- Order: Sell limit 2.785
- POI zone (order block + Fibonacci): 2.780 – 2.790
- Stop loss: 2.802
- TP1: 2.747
- TP2: 2.725
- Risk: 0.017
- Risk/reward: 1 : 3.5
Why this POI
- Bearish OB: the last green 4H candle before the latest drop, 2.764 – 2.787
- Fib 50% 2.780 and 61.8% 2.788, with R1 2.790 on top
- EIA storage at 10:30 ET: wait for the number
Plan B
A 4H close above 2.802 cancels it; then 2.812 is next
Rules for this idea
- Limit orders only: if price never reaches the POI, there is no trade.
- Wait for the 8:30 AM data and the 9:30 AM cash open before placing the order.
- Risk no more than 1% on the idea; take partial profit at TP1 and move the stop to breakeven.
Primary risk factor
The EIA natural gas storage report at 10:30 AM ET; wait for the number before placing the order.
Educational analysis, not financial advice. Trade at your own risk.
Primary risk factors
What could change the outlook
- The EIA natural gas storage report at 10:30 AM ET; wait for the number before placing the order.