NATURALGAS this last pump pushed market temporarily on short term uptrend - it's crazy volatile and BS speculative on the news so I don't trust it. For uptrend continuation I will be looking for a) breakout of the nearest resistance 4.00 with heavy volume or b) pullback and bounce with bullish divergence from the recent support 3.60. For a downtrend continuation I will be looking at a) rejection with bearish divergence from 4.00 or b) breakdown of 3.60 with heavy volume. So currently the range I'm looking at is 3.60-4.00 for possible break or bounce from these two levels with volume and momentum.
We did have oversold price with 1d uptrend near support today, but the pump is not due to the technical characteristics of the market but due to BS volatility around the tariffs, therefore I will be scouting for confirmation based on the above scenarios for either long or short entries the coming days. Tomorrow also it might be volatile due to the upcoming report so best stay out until the news have settled.
From left to right: 1d, 4h, 1h, 15m, 5m
