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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