NATURALGAS price is still bearish short term while the bullish structure from 4h and 1d is in place unbroken. On Friday we saw price rallying after bearish exhaustion.
If this rally is to continue price should either a) test and bounce up from the recent broken resistance and turn it into support 3.42-3.44 (buy after pullback) or b) break above the next resistance at 3.51-3.53 with a gap up, possibly test and bounce from that level for the rest of the day.
If price fails to break above 3.51-3.53 or price fails to maintain 3.42-3.44 then we have a possible short entry at these levels.
Let's see which of the above conditions will occur on Monday for either a long or a short entry.
NATGASUSD great Run up. time to start selling next week. you can find the answer in NG1! front month running away from NG2! second month future. almost shifting down20% erasing potential downward pressure.