The natural gas has expanded long enough but given its nature it will still continue to rally up due to weather and political conditions. On Daily chart there is a short pull back around supp lvl 2.680 but will continue up until its recent high 3.050... Note the previous high that hit 3.050 has rallied which is a major resistance level.
The price keeps bouncing on grey trendline so it is still in long. The indicators also validate since the RSI is between 50-80 mark.
MACD has also crossed 0.0 so it should be a bull market. if any of this fails otherwise then its a re-tracement period. so watch out for the bull trap.
The candle sticks keep making higher high which indicates that NG has started setting for long and is trying to test the 200 EMA but need to look out for the price action and what it does to the red and green trendlines. Good potential to break the red trend line over couple of week.
Overall conclusion: LONG
The price keeps bouncing on grey trendline so it is still in long. The indicators also validate since the RSI is between 50-80 mark.
MACD has also crossed 0.0 so it should be a bull market. if any of this fails otherwise then its a re-tracement period. so watch out for the bull trap.
The candle sticks keep making higher high which indicates that NG has started setting for long and is trying to test the 200 EMA but need to look out for the price action and what it does to the red and green trendlines. Good potential to break the red trend line over couple of week.
Overall conclusion: LONG