FX.co ★ Gas' third wave

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!