Short
Natural Gas (NATGASUSD): Technical Outlook 💨
Natural Gas formed a huge head and shoulders pattern on a daily time frame.
7.33 - 7.88 is its wide horizontal neckline.
If the price breaks and closes below the neckline, it will be a very strong bearish signal.
I believe that then the market can easily drop to 6.17 level.
Remember, that for now, a neckline represents a strong demand area.
Consider shorting only after its breakout.
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✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.