Natural Gas - Head and Shoulders bottom
As we approach September, the natural gas market is beginning to show signs of life after a long, hot summer. Traders are keeping a close eye on the charts, and there are a few key signals that suggest something significant might be brewing.
MACD is about to turn green, which is often an early indicator that the bearish trend could be losing steam. This shift is accompanied by a bullish signal line, a pixel away from crossover, hinting that momentum might be swinging back in favor of the bulls.
Reverse Head and shoulders pattern is forming, price made higher low confirming support. Price is at bottom of the bigger downward channel and low in the Fibonacci levels.
With September around the corner and the cooler months not far ahead, natgas could be positioning itself for a seasonal surge. The technical signals are aligning, and the market might just be getting ready to heat up as we head into the colder part of the year. Keep a close watch—this could be the calm before the storm.
MACD is about to turn green, which is often an early indicator that the bearish trend could be losing steam. This shift is accompanied by a bullish signal line, a pixel away from crossover, hinting that momentum might be swinging back in favor of the bulls.
Reverse Head and shoulders pattern is forming, price made higher low confirming support. Price is at bottom of the bigger downward channel and low in the Fibonacci levels.
With September around the corner and the cooler months not far ahead, natgas could be positioning itself for a seasonal surge. The technical signals are aligning, and the market might just be getting ready to heat up as we head into the colder part of the year. Keep a close watch—this could be the calm before the storm.
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