e see lately the rally of the natura gass trying to change it's trend upwards.
Some traders might disagree and they think that natural gass already change it's momentum.
Yes i agree with them short-term but i stronly believe mid-term momentum isn't change yet and they should be cautious..
There is a possibility to witness a bearish flag pattern and nothing more here.
Don't forget we are talking about a seasonal product.
We can also see the profit taking at these levels as i mentioned before and the weakness of the market to validate 50% Fib level at 3,250$ don't even mention 61,8% Fib level at 3,400$ level.
3,250 very well respected ressistance/support through the years.
We want to see creating higher lows and higher highs above these levels mentioned, to validate the mid-term ternd that we can see at the chart since previous year.
We also see the price hitting top Bband.
Stoch RSI% at overbought levels.
ADX still hasn't validate 20 level to create positive trend.
HAPPY TRADING GUYS!!
Some traders might disagree and they think that natural gass already change it's momentum.
Yes i agree with them short-term but i stronly believe mid-term momentum isn't change yet and they should be cautious..
There is a possibility to witness a bearish flag pattern and nothing more here.
Don't forget we are talking about a seasonal product.
We can also see the profit taking at these levels as i mentioned before and the weakness of the market to validate 50% Fib level at 3,250$ don't even mention 61,8% Fib level at 3,400$ level.
3,250 very well respected ressistance/support through the years.
We want to see creating higher lows and higher highs above these levels mentioned, to validate the mid-term ternd that we can see at the chart since previous year.
We also see the price hitting top Bband.
Stoch RSI% at overbought levels.
ADX still hasn't validate 20 level to create positive trend.
HAPPY TRADING GUYS!!
Comentário:
Sorry for the typing errors my pc just isn't working as it should lately..lol
Trade ativo:
we cann see how price followed that trend line since last year..
Comentário:
As i mentioned at this article successfully we can see Natural Gas breaking it's trend downwards and now we are for 3$ level.we want to keep that level at least we need to bounced back from 2,965 $ level.
Comentário:
Bounced back from 61,8% Fib retracement of the descending move and that's why are not still on bullish mode.
