Neutral: Bearish continuation or Bullish reversal:Descending Tri
Updated
The last four trading days saw gas closing lower after attempting to breakout(see prior post) and in so doing, filled the gap created on the 17th of April. I am still long on this and have not closed my swing trade.
Technicals:
Whether this will end up being a bearish continuation or be a bullish reversal is a story worth watching.
What ever direction this takes, it will explode.
Disclaimer: Not financial advise.
Technicals:
- chart: A potential descending triangle is forming.
Volume: Massive build up on volume over the last few weeks.
RSI: ...
Whether this will end up being a bearish continuation or be a bullish reversal is a story worth watching.
What ever direction this takes, it will explode.
Disclaimer: Not financial advise.
Note
NatGas had its best week since May 15th week, trading 16% higher on weekly. A move like this tends to follow through. Will this touch $3 this week?As of 18th of June 23': NG1! futures are
1W:Up 16%
1M:Up 10%
HY: Down 60%
1Y: Down 64%
Week of 19th data. United States Natural Gas Stocks Change on Thursday.
Disclaimer: Not financial advise.
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