Natural Gas has risen in price and leads energy sources
Natural gas has risen in price and has the potential for further price growth by another 200 pips. The chart shows that these futures are in an accelerating uptrend. Even the price of crude oil is not showing such strong growth. The gas price approached a strong resistance level but based on the MACD indicator, the dynamics of growth are still there. We placed our pending order slightly above this resistance level, and if a position is opened, this will mean a continuation of the growing trend. We placed our take profit at 3520, but it can be moved up to 3600 where the price can meet resistance again.
Order Type: Pending Order - Buy Stop
Entry Price at 3400
Take Profit at 3520
Pips Earning: 120
The profit can be $120.00 if the trading volume of 1000 FUT.