ThinkingAntsOk

"Top and Bottom Analysis" NATGAS by ThinkingAntsOk

OANDA:NATGASUSD   CFDs on Natural Gas
4H CHART EXPLANATION:

Main Items we Observe on the Chart:

-Price is inside an ascending channel
-Currently, the price is against a Major Support zone
and facing the lower trendline of the ascending channel
-We draw a descending trendline , we expect that to be broken before taking any long setup.

Based on this if price closes above 2.597 we expect a continuation of the bullish movement towards the upper trendline of the ascending channel at 2.723


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