NATURAL GAS: Rebound expected near the 1D MA50.

Natural Gas is on a six day bearish streak, turning neutral on the 1D technical outlook (RSI = 47.415, MACD = 0.105, ADX = 27.914). The pattern since April is a Bullish Megaphone and every pullback like this, has been a buy opportunity. The last one reversed just before it hit the 1D MA50, and as the 1D RSI is also near the S1 level, we turn bullish, targeting the R1 level (TP = 3.645).

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