Close to Intermediate bottom in NaturalGas

Natural gas has retraced 50 % with a very steep drop-curve and is oversold.
The momentum indicator is flat and has turned.

This is a good place to add first long position. I will add 50 % here.

Kommentera:

I added some more. After it rose 0.75 % for the second time today. Turned out to be wise.

Kommentera:

NatGas is keeping its 200 DMA and is not making a lower low despite a bearish inventory report.
Today's red candle is for shaking off chasers in my opinion.

Kommentera:

Volume is low. There are no more sellers left.

Kommentera:

Looks like we hit that quite on the spot... :)