Trading the trend: short natural gas
Last week, natural gas futures topped out around the January high, which is why we would like to go short with a stop loss at 3.140 and a downside target at 2.150.
(AI Video Summary)
Previous TUI and EUR/USD trading outcomes
In the latest episode of "Trading the trend", Axel Rudolph covers strategic decisions in trading with a focus on the importance of setting stop-loss orders correctly. A vivid recount of going long on TUI's share price revealed an unexpected downtrend, yet due to a strategically placed stop-loss, the position remains open.
Similarly, insights on EUR/USD trades highlighted maintaining positions with adjusted stop losses.
This week's trading opportunity
Additionally, a new perspective is introduced on trading natural gas futures, suggesting a short position based on recent price resistance and anticipated downtrends. It is advised to go short with a stop loss at 3.140, and a downside target at 2.150.
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