Natural Gas (XNGUSD)
Short
Updated

Natural Gas Poised to Reach $3

Natural Gas Poised to Reach $3

Natural gas completed a bearish harmonic pattern and extended slightly more to around 3.6. Considering that NG is volatile, these deviations are acceptable.

The price has already reacted and appears to be changing direction.

This potential trend reversal could also be supported by yesterday's ceasefire agreement between Israel and Lebanon.

We could see NG moving down to $3 if all goes well.

You may find more details in the chart!
Thank you and Good Luck!
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NG moved near to our second target 3.1550 and can move down more.

snapshot

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