NATGAS was on a very strong run so far.
The long lasting channel and support (white lines) is still being held - hence we are not expecting a big bearish move on NATGAS yet.
But the short-medium term support has broken (orange line). On top: RSI and MACD show some bearish divergence. We are making new highs, but the RSI and MACD is not convinced (no new highs).
This, we expect a correction back into the 3.80-4.00 area, before NATGAS will maybe make its next move.
The long lasting channel and support (white lines) is still being held - hence we are not expecting a big bearish move on NATGAS yet.
But the short-medium term support has broken (orange line). On top: RSI and MACD show some bearish divergence. We are making new highs, but the RSI and MACD is not convinced (no new highs).
This, we expect a correction back into the 3.80-4.00 area, before NATGAS will maybe make its next move.
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.
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.