Natural Gas: Downside Price Action Might Be Heating Up
Comments on the chart
Bình luận:
Uptrend support line has gone today. The real test is a break of 2.600
Bình luận:
2.600 has ben tested had broken. Looking forward to shorting this commodity hard
Bình luận:
2.600 has gone. The downside idea is confirmed. Initial targets - if we take the pattern on the chart to be a confirmed 123top then target is 2.200. However if we are looking at the whole prior upmove to be a large retracement then we could expect much lower prices to below 1.600
Bình luận:
Retest of the breakdown zone? Still bearish
Bình luận:
Retracement may have ended here and the downside may be resuming. Would like 2.690 to hold and 2.510 to give way for this idea to continue to hold water
Bình luận:
Nice upmove today. I say so myself despite me wanting the opposite to happen. Now today it put in a bullish engulfing candle which always make me sit up and listed. Still looking for 2.520 to break
Bình luận:
Price has not moved down as expected. Right now it is at old resistance levels. A break above there puts 3.00 in clear view.
Bình luận:
Possibility of a Double top here so the bearish idea is still in play...