/NG (natural gas futures) recently made a second backtest of the downtrend line as the divergences grew even larger & has been rallying since. I’ve added a couple of resistance levels (R1 & R2) to this 60-minute chart with a break above each to sharply increase the odds of a continued rally up to any of all of the price targets. /NG is currently testing R1 as it remains at long-term support. Updated 60-minute chart below & here are some comments regarding stops for the trade and other considerations when trading nat gas in my reply to this comment yesterday:
NG 60m Jan 12th