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Natural Gas - Potential Path for next week?
As we know, NATGAS is a beast with it's own mind and often technicals fail to support it's move, but here's one anyway!
As you can see there's a descending flag that has been accumulating and I've used a fib extension to determine it's next target.
It's severely oversold on the hourly and the 4hr charts, due to I'm sure the profit ejections from the previous run.
The most recent reports aren't that bearish IMO and I can see this easily taking flight again soon.
As you can see there's a descending flag that has been accumulating and I've used a fib extension to determine it's next target.
It's severely oversold on the hourly and the 4hr charts, due to I'm sure the profit ejections from the previous run.
The most recent reports aren't that bearish IMO and I can see this easily taking flight again soon.
Dagangan aktif
The pitchfork support is acting very well. A lot of buyers seem to be in place @ 4.00 area and with the cold weather still sweeping the most populated areas in the US I will probably top up on my trade.
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Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.