Short
NG Downside Pressure
Although price is in an uptrend and is bouncing on the ascending trend line, we can see bearish strong candles formations which indicate downside signals.
Currently, price is facing bearish pressure and has made a bearish reversal pattern.
There is a yellow support level around 6.100, and if price breaks this level, I expect a drop at least to retest the trend line around 5.870
Currently, price is facing bearish pressure and has made a bearish reversal pattern.
There is a yellow support level around 6.100, and if price breaks this level, I expect a drop at least to retest the trend line around 5.870
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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.