possible ban on imports pushing ngas
Ngas had a weekend gap on sunday due to news of Russia Imports possible ban. after the weekend gap the market sold to the demand zone. on the 4hr timeframe you can see if had a fake out of the demand zone. breaking then the very next 4r candle coming back up into the demand zone. if the next candle would have closed below the demand zone it would have indicated a continuation sell. the 3hr timeframe shows bullish wick rejection. A hidden divergence is shown on the 3o minute time frame. going for 250 - 300 pips.
The U.S. and European allies are considering a ban on Russian Oil imports, thus creating more supply fears in the market.
The U.S. and European allies are considering a ban on Russian Oil imports, thus creating more supply fears in the market.
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