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BlissCapital

More way down.

Short
CFDs on Natural Gas (OANDA:NATGASUSD)  
BlissCapital Updated   
OANDA:NATGASUSD   CFDs on Natural Gas
Trend Analysis Chart Patterns
7
1
trendanalysis chartpattern
1.5
Comment:
A minor retracement is expected the upside 2.56 region with is a trend line resistance on the 1hr TF. Overall NATGAS is bearish as it is still within the descending trendline that started in 2010.
Price had a strong reversal from the monthly resistance at 2.7ish region (Clearer using a line chart). Break below the 2.453 support on will further confirm the downside. Price is expected to retouch the 2016 lows before we can consider a reversal. The overall target is 1.5/1.6 region in the medium to long term.
Just my simple opinion.
Trade active:
NatGas on the move.
Comment:
1.8
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