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Trading Plan for Natural Gas vs US Dollar

The trend is bullish. Natural gas is trading within the range of the 365 and 135 EMA on the H1 chart. The descending corrective wave pattern has completed with a breakout of the trendline channel. The Awesome Oscillator shows a bullish divergence, while the Stochastic Oscillator indicates an oversold condition.

Trading idea:
Buy on the breakout of 3.004.
Stop Loss — 2.904.
Target levels — 3.100 and 3.235.

Author: GC

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