NATURAL GAS – Week 12 – Indecision territory.
Natgas ended the week exactly where it started it. The price moved slowly, breaking our previous support area, but at the end of Friday’s trading session, it started to increase.
For this week, we will grow confident of an uptrend if we break the resistance level together with the orange trendline and consolidate above it. If not, the price may continue to drop towards the support area.
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.
For this week, we will grow confident of an uptrend if we break the resistance level together with the orange trendline and consolidate above it. If not, the price may continue to drop towards the support area.
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.
Trade closed: target reached
