NATURAL GAS – Week 23 – Expecting to complete the consolidation.
In our last forecast, we were expecting Natgas to correct and reach the support level. Instead, the price continued to consolidate, despite our bearish expectations.
In the coming week, we expect the price to become bearish and fall towards the support level, as the structure hasn’t changed. This might happen after we reach the top one more time.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
In the coming week, we expect the price to become bearish and fall towards the support level, as the structure hasn’t changed. This might happen after we reach the top one more time.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Comment:
Waiting for a sell setup after a trendline breakout, followed by a correction. That would be the bearish confirmation needed.
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