Natural Gag (NG) reversal in place with short term target 2.493. Tomorrow storage report could give the thrust. Probability H.
Is Nat Gas forming an inverse H&S like that in 2012? Look very, very similar and with bullishly diverging RSI. TBD.
The price evolved from summer to end 2015 in a downward regression channel. It decided to escape towards the cloud. Retracement was not violent enough to get back into the channel as can be clearly seen in the chart. Price is now evolving in the cloud where it may consolidate for a while before attempting to break through. This would be the first criteria for a...
ABC formation could be in the making and higher prices to come? could take the odds on to see what happens.
NATURAL GAS SHORT HERE....for the target of 1.50 almost
Breaking out and consolidation will be a chance
Short Natural Gas at current levels to trade the 5th wave. Structure gets invalidated if close above 2.1 Target 1 - 1.69 Target 2 - 1.62
Looking for a close about 2.06 to confirm momentum
You can find my detailed analysis via links below. With this chart ref. to March/2016 Henry Hub futures, I'd like to call your attention for a possible pull back from extremely oversold levels. - Heikin-Ashi candle and haDelta shows selling pressure eased in last two days. We may see some short covering, with possible retracement tgts to Tenkan Sen at 2,10, or...