coolguy314

coolguy314

Currently, Natural Gas is at the 38% Fibonacci Retracement level, and it is bouncing between 2.68 and 2.38. If it is able to breakthrough 2.68 resistance, there is a chance for a bull run upwards. If it breaks below 2.38 resistance, it is likely to test new lows. Potential for a double bottom formation is also likely in that scenario. April will likely bring...

coolguy314 Updated 

NG likely to pullback to this support area highlighted at 2.582 before pushing off to another bull run. This area was previously the area of consolidation as well. This pullback seems to be short term corrective.

coolguy314

Natural Gas is challenging 2.80 level which offers an area of resistance from 4 month downtrend started on Nov 23rd 2022.