Natural Gas Price Levels July 10
Natural gas continued higher after brief consolidation before running into resistance.
Two ways of looking at natural gas price action. The first is the major low is in and bulls have proven that. The other is price was oversold and is only a strong counter trend rally due to hot temperatures and shorts taking profit.
I've shown possible price action for the coming week based on support and resistance levels.
Two ways of looking at natural gas price action. The first is the major low is in and bulls have proven that. The other is price was oversold and is only a strong counter trend rally due to hot temperatures and shorts taking profit.
I've shown possible price action for the coming week based on support and resistance levels.
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