NATURALGAS Today is a no trade zone for me. From the 1h we had our first rejection at 4.26 which is a bearish orderblock, however the big expansion of the 50 ema BB shows high uncertainty. I am waiting until the BB squeeze again (most likely tomorrow) and then re assess the divergences.
Once price enters the squeeze: For a short position I am looking at a bearish divergence of rpice vs oscillators from the resistance area 4.26 - 4.31. For a long position I am looking at bullish divergence inside the current support area 4.08-4.00.
NATGAS Trump effect "I'll make stuff cheap for the consumer" Literally every commodity *Insert rocket here* Every retirement fund *Insert crashing here*
current setup looks bullish, it might go for 4.36 or 4.58 if not higher before pulling back... it just by looking into chart. not taking anything else in consideration