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Natural Gas is ready for reversal

Oleh DmitriTrader
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NATGASUSDsyot kilat

The 2.903 level represents resistance, by breaking which rally will continue to 3.000 level. However, the 4H chart demonstrates bearish divergence which you can observe on MACD and RCI graphs. Im summary, I expect reversal at current point.
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I am long DGAZ and therefore short NATGASUSD. The new 4H candle confirmed resistance at 2.96 level, which possibly could be broken if tomorrow's report will be positive for NG. However, I strongly think that 3.00 represents strong resistance area.
DivergencemacddivergenceMoving AveragesNatural GasOscillatorsSupport and Resistance
DmitriTrader

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