Natural Gas has been pulling back for last few months. It has hit double bottom today at 5.325 and I would expect some technical bounce of that level. Overall trend for NG is bearish, I expect it to next level major support 4.92 and 4.5 in next few weeks or months.
Trade closed: target reached
First target 4.92 reached today.. its a good support level might bounce a bit before retesting yellow up sloping trendline and 4.5Note
I expect NG to go up and gap fill at 6.45 and then pull back to test 4.5 levels.Trade closed: target reached
Target $4.5 reached today.
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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.