Natural gas tastes a psychologically important level
The price of natural gas has been rising for several days. This can be seen on the chart of this trading instrument. The price approached the psychologically important 5,000 level and bounced off it a bit. The breakout of this resistance level is very important, as it has been encountered by traders before. We place our pending order to open a position slightly higher at 5.020. We chose the target according to the Fibonacci levels at the flat level of 5,200.
Order Type: Pending Order - Buy Stop
Entry Price at 5.020
Take Profit at 5.200
Pips Earning: 180
Forex trade strategy and trading signals for major currency pairs:
EURUSD buy at the price of 1.1840
USDJPY sell at the price of 109.80
GBPUSD buy at the price of 1.3815
USDCHF buy at the price of 0.9200
Trading recommendation result
The profit can be $180.00 if the trading volume of 1000 Futures.