QuantitativeExhaustion

Chart Study

Short
NYMEX:NG1!   Natural Gas Futures
13
Monthly Chart
1) Momentum: falling, but above center line
2) Divergence: None / Convergence
3) Recent Trend: Down
4) Recent Candle: Feb 3/4 - Bearish Candlestick
Trade: Bearish Hold

Bi-Weekly Chart
1) Momentum: falling, but above center line
2) Divergence: Negative + Convergence
3) Recent Trend: Down
4) Recent Candle: Feb 3/4 - Bearish
Trade: Bearish Hold

Weekly Chart
1) Momentum: falling, below center line
2) Divergence: Negative + Convergence
3) Recent Trend: Down
4) Recent Candle: Feb 20 1/2 - Bearish
Trade: Bearish Hold
Previous Support Area
- - - - - - -
Daily Chart
1) Momentum: falling, below center line
2) Divergence: None / Convergence
3) Recent Trend: Down
4) Recent Candle: Feb 22 1/6 - Bearish
Trade: Bearish Hold
Previous Support Area
- - - - - - -
12 Hour Chart
1) Momentum: falling, below center line
2) Divergence: Failed / Convergence
3) Recent Trend: Down
4) Recent Candle: 18:00 Est 1/6 - Bearish
Trade: Bearish Hold
Previous Support Area
- - - - - - -
4 Hour Chart
1) Momentum: rising, below center line
2) Divergence: None / Convergence
3) Recent Trend: Down
4) Recent Candle: 1/4 Bearish
Trade: Bearish Hold
Previous Support Area
- - - - - - -
1 Hour Chart
1) Momentum: falling, below center line
2) Divergence: None / Neutral
3) Recent Trend: Down
4) Recent Candle: 9/10 Bearish
Trade: Bearish Hold
Previous Support Area
- - - - - - -
Comment:
Possible support driven cloning.
Comment:

1H SQZMOM indicator has been giving us a good heads up, as to when volatility is to occur. Natural Gas has stayed in a wide range 2.70-73 / 2.56-53
Comment:

Either is a good trade.
Trade closed manually
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