NATURAL GAS – Week 13 – Bulls vs. Bears
Updated
Last week, we correctly anticipated that Natgas will head towards the orange trendline, but unfortunately, it started to move sideways underneath it.
For this week, we find ourselves at a decisive point. If we break the orange trendline first followed by the resistance area, then we will grow confident that we can soon witness a retest of the previous $3 high.
If not, the price may continue to break the low again and drop towards the support area.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
For this week, we find ourselves at a decisive point. If we break the orange trendline first followed by the resistance area, then we will grow confident that we can soon witness a retest of the previous $3 high.
If not, the price may continue to break the low again and drop towards the support area.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Trade closed: target reached
The resistance area got hit.
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