JICPT| Weather becomes wild card for Natural gas price
Hello everyone. Now, the focus is on the cold temperature that may give natural gas another push to the upside, even with a over 166% rise since April this year.
I'm a bit bearish on the natural gas after the winter if inflation would be contained by the government. On the chart, price is facing pressure from the red downtrend line, whilst get support from both the long-term MA and uptrend line.
Given the first-time visit, I would be more positive on the arrival of the price. Price should consolidate for a while before taking out the red downtrend line.
What do you think? Give me a like you're with me.
I'm a bit bearish on the natural gas after the winter if inflation would be contained by the government. On the chart, price is facing pressure from the red downtrend line, whilst get support from both the long-term MA and uptrend line.
Given the first-time visit, I would be more positive on the arrival of the price. Price should consolidate for a while before taking out the red downtrend line.
What do you think? Give me a like you're with me.
Comment:
Nice leg-out formation.
plan your trade and trade your plan