In a clear sign of a continued downtrend, Natural Gas moved lower on the day to close below the miid point of the Bollinger Bands. Following a Heikin Ashi doji on Monday, the solid red Heikin Ashi today left little doubt of a continued downward trajectory. You can also see the 7 day moving average turning downward as well. Baring unforeseen events, my current price target is at 3.00, the lower outer Bollinger Band.
Note: as we start this downward trend, I am showing the Heikin Ashi charts so we can follow the trend.
Disclaimer: This post is for educational purposes only. Trading is at your own risk.
Note: as we start this downward trend, I am showing the Heikin Ashi charts so we can follow the trend.
Disclaimer: This post is for educational purposes only. Trading is at your own risk.
