The /NG (natural gas futures) short trade entered at the 6.800 resistance level yesterday went on to hit the bottom of 1st target zone hit earlier today for a quick ~7% profit followed by the typical reaction so far. /NG (or UNG, KOLD, etc..) offers another objective short entry or re-entry for those that covered at the first target early today here on this minor trend backtest and/or the 6.800 resistance level just above. The two Previous charts from yesterday and today’s updated 60-minute charts are below with a couple of new trendlines added in blue.
NG 60m July 14th
NG 60m 2 July 14th.png
NG 60m July 15th