Natural Gas: Buy opportunity on the 1W Support.

Natural Gas has been on a strong sell sequence since the rejection on the 2.700 Resistance. 1D may be bearish still ( RSI = 39.610, MACD = -0.081, ADX = 41.622, Highs/Lows = 0.0110) but we are on the 2.100 - 2.035 1W Support Zone . This is the first bullish sign with the second being the flat RSI ( bullish divergence ) since November 29th. We are expecting Natural Gas to reverse towards the 2.500 and 2.700 Symmetrical Resistance levels. If however the 1W Support breaks, a new selling sequence may be initiated towards 1.600 - 1.440.

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Jeepers. Are you still seeing 1.6-1.4 on this one? 1W support has broke
+1 Reply
InvestingScope shadow_broker
@shadow_broker, That is correct. It has transitioned to the long term pattern:

+1 Reply
shadow_broker InvestingScope
@InvestingScope, thanks for the quick reply. Let’s hope the hammer forming on the 1d will allow some retrace to former support before we get to the mid 1s. Cheers
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