VasilyPonomarev
Short

Natural Gas (NATGASUSD): Bearish Reaction is Highly Probable

OANDA:NATGASUSD   CFDs on Natural Gas

natgas broke and closed below an expanding wedge pattern.

because the price is currently testing a strong daily structure,
chances are high that the price will drop .

target levels:
2.05
2.0

the safest zone to sell from is the expanding area between the support of the wedge and the last higher low.

Comments

Are you also bearish on natgas?
+1 Reply
plancton0618 VasilyPonomarev
@VasilyPonomarev, The price is on monthly support right now
Reply
VasilyPonomarev plancton0618
@plancton0618, good analysis!
Reply
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