NG1! still bearish, but the slowing pace of down moves shows the price may enter a consolidation state. Has a lot of upside space that is constrained by fundamentals (weather included). An upside breakout from the potential forming wedge, will trigger buyers' attention.
EURNZD seems very correlated with SP500, wich makes me thinking that if the 4300 level is the bottom for stocks, we may see a reversal in EURNZD, especially given that RBNZ is more hawkish than ECB.
