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Natural Gas (XNGUSD)
Long

Gas channels

By likwit
Updated
Probably moving to the upside and see if we can breakout of the downward channels
Note
We broke out of the channel. This week (or even Today) we will probably test if we can get back in the channel. If that fails we will see a nice bounce up.
Note
It hit the channel on the dot. If we don't break back into the channel (with a daily close) this confirms we have broke out and will move to the upside.
Note
On Nov 1 it tried to pull back into the channel. On the close it failed to do so. This was a bullish sign, and we did see a rally on Nov 2. The next important target is too close the week above the channel. This will confirm a breakout.
Chart PatternsTrend Analysis
likwit

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