NATURAL GAS: Short term buy signal may be emerging.
Natural Gas is very bearish on the 1D time frame (RSI = 36.041, MACD = -0.435, ADX = 40.625) with the RSI a few days back even oversold as since the December 15th Triple Top it has been falling non-stop.
That fall was initiated not just because of the Triple Top but also because of the RSI's Lower Highs (LH), which flashed a Bearish Divergence.
The price this month has been ranging sideways within the 2.340 Support and the 2.655 Resistance. Being this time on a Triple Bottom and with the RSI on HL (Higher Lows) we expect a short term rise to start if the price crosses the 4H MA100, which is untouched in 2 months. We will target the 4H MA200 (TP = 3.000).
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That fall was initiated not just because of the Triple Top but also because of the RSI's Lower Highs (LH), which flashed a Bearish Divergence.
The price this month has been ranging sideways within the 2.340 Support and the 2.655 Resistance. Being this time on a Triple Bottom and with the RSI on HL (Higher Lows) we expect a short term rise to start if the price crosses the 4H MA100, which is untouched in 2 months. We will target the 4H MA200 (TP = 3.000).
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##
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investingscope.com
Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial
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