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financialflagship

NATGAS/USD - Week 51 - One more low on the horizon

Short
financialflagship Updated   
CURRENCYCOM:NATURALGAS   None
Trend Analysis Chart Patterns Fundamental Analysis
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trendanalysis chartpattern fundamental
Natural Gas seems to be in a bearish corrective trend for now. The price is righteously respecting the trendline and we can see it continuing making lower lows. As we wait on Wednesday’s EIA Natural Gas Storage Change data numbers, all eyes will be on the release of the US stimulus package, that could have an effect on commodities in general, and of course on natural gas as well.

Trade with care!
Financial Flagship

Disclaimer: The analysis provided is just informal and it should not be used as financial advice. You need a plan before you trade, but we assume this can help you have a better idea to where the market is heading next.
Trade active:
We expect the price to go on and break the lows.
Trade closed: target reached
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