As I told before I have bought NG with SL below 182....
In fact I will buy NG on dips.....SL 182 seems good but if gets hit I will not sell.....Since 182 is not broken for past 2 days of trading and it seems to be forming bearish Butterfly for with last leg up is till 238-240+ levels....It can go till 180.....But daily closing below 169 will invalidate my view..
My positional view is to buy till 180 with sl below 169 on daily closing basis for TGT 238++
I think NG is now heading for my previous targets of 238-240++.....I think the risk reward ratio is too good for me.....I will keep buying .......
In fact I will buy NG on dips.....SL 182 seems good but if gets hit I will not sell.....Since 182 is not broken for past 2 days of trading and it seems to be forming bearish Butterfly for with last leg up is till 238-240+ levels....It can go till 180.....But daily closing below 169 will invalidate my view..
My positional view is to buy till 180 with sl below 169 on daily closing basis for TGT 238++
I think NG is now heading for my previous targets of 238-240++.....I think the risk reward ratio is too good for me.....I will keep buying .......