NATGAS Reain why Natgas has strong support at $4 despite low demand. Mr. Trump doing all he can do to keep the price high. His tariff war with Canada is going from bad to worst. If canadaian Gas is not coming to US, price could reach $5 easily. He saya he wants to reduce the commodity price, but the action suggesting the opposite. Market is in extreme fear of supply disruption.
NATURALGAS Today is a no trade zone for me. From the 1h we had our first rejection at 4.26 which is a bearish orderblock, however the big expansion of the 50 ema BB shows high uncertainty. I am waiting until the BB squeeze again (most likely tomorrow) and then re assess the divergences.
Once price enters the squeeze: For a short position I am looking at a bearish divergence of rpice vs oscillators from the resistance area 4.26 - 4.31. For a long position I am looking at bullish divergence inside the current support area 4.08-4.00.