LNG testing overhead resistance
Cheniere Energy presently testing channel resistance, able to absorb weekly buying pressures. From here, (LNG) can fall back to channel support, eliciting losses of 15% over the following 2-3 months. Inversely, a weekly settlement above channel resistance would elicit a buy signal where gains of 10% would be expected within 1-2 months, and gains of 20% would be anticipated over the following 5-6 months.
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