/NG (natural gas futures) triggered a buy signal on an impulsive breakout above the downtrend line & has just hit the first active trader target (from the 60-minute chart posted yesterday) for a quick 4% profit. As per my comments yesterday, I still favor a fairly impulsive move up to at least that 2.288ish target (a roughly 13% gain, if hit). Previous & updated 60-minute charts below. See yesterday’s post for the UNG & 120-minute “typical” swing trader targets.
NG 60m Aug 6th
NG 60m Aug 7th