1.5
Note
A minor retracement is expected the upside 2.56 region with is a trend line resistance on the 1hr TF. Overall NATGAS is bearish as it is still within the descending trendline that started in 2010. Price had a strong reversal from the monthly resistance at 2.7ish region (Clearer using a line chart). Break below the 2.453 support on will further confirm the downside. Price is expected to retouch the 2016 lows before we can consider a reversal. The overall target is 1.5/1.6 region in the medium to long term.
Just my simple opinion.
Trade active
NatGas on the move.Note
1.8
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.