Natural gas has regular countertrend rallies.
The pink arrows are when the daily cycle turned bearish, a counter trend rally started soon after.
Countertrend rallys typical have gone up to the previous consolidation level, this would be approximately $1.80.
Trading sideways is also a possibility if the bulls can not get any momentum, similar to what was seen in mid to late January.
The pink arrows are when the daily cycle turned bearish, a counter trend rally started soon after.
Countertrend rallys typical have gone up to the previous consolidation level, this would be approximately $1.80.
Trading sideways is also a possibility if the bulls can not get any momentum, similar to what was seen in mid to late January.
