The price failed to reach a new low, while the RSI indicator shows an upward trend. The formed reverse divergence could signal a potential price reversal upward.
The MACD histogram is below the signal line. This indicator shows medium- and long-term trends and may ignore short-term price reversals and pullbacks sometimes.
There is the blue main line above the red signal line on the Stochastic indicator. The reversal pattern has not formed yet.
The strategy for Natural Gas should embrace long positions based on this graphical representation. A trader can enter the market either at the current prices or when return to the marked resistance level is implemented.
📌 Entry: 3.009
✔️ First target: 3.093
✔️ Second target: 3.205
❌ Stop order: 2.942
Natural Gas M15: RSI signals a possible upward reversal
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