Short
NG - Shortterm estimate 5:3:5 (Bearish)
I know I've been very bullish on NG but I've changed my centiment recently. I closed my position at Fridays top. This is clearly looking zig zag corrective since It's slow, choppy and there's alot of swings/breakouts that keeps failing. It's possible this could gap up over the weekend but from a technical perspective I think this have more downside potential. I think this needs to leg down one more time before going up. Bearish target is 1.69 - 1.55 - 1.34.
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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.