Natural Gas Futures
Long

Natural gas is prepping for a big move

Natural gas is prepping for a big move to the upside after the gap fill that's marked on the chart (2.35 vicinity). The gap coincidently lines up with the lower trend line of a falling wedge , making this area a magnet. The move in Natural gas in the previous weeks was very large , which subsequently required some consolidation before another leg. Assuming the general markets can sustain some footing or stall , despite the Silicone Valley bank debacle, natural gas can make a move to the $4 mark.

Disclaimer