Let’s review the indications of the MACD. Despite the fact that Natural Gas maintains a downward trend, the MACD indicator has changed direction to an upward one. The reversal pattern is marked with a green line.
The RSI indicator is now below the mark of 50. The position of the indicator below this level indicates the predominance of a downward trend.
There is the blue main line above the red signal line on the Stochastic indicator. The reversal pattern has not formed yet.
It is recommended to prioritize long positions on Natural Gas in the current situation. Entry points can be selected both at current prices and based on an outcome of a retest of the specified resistance level.
📌 Entry: 3.120
✔️ First target: 3.220
✔️ Second target: 3.306
❌ Stop order: 3.058
Natural Gas M30: An upward reversal signal was received from MACD
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