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Manohar_Shanmugam

NATGAS - NAUGHTY FALL AHEAD ?

Short
Natural Gas (CAPITALCOM:NATURALGAS)  
Manohar_Shanmugam Updated   
CAPITALCOM:NATURALGAS   Natural Gas
Trend Analysis Chart Patterns
12
0
trendanalysis chartpattern
Cup pattern is complete with double top resistance. Looking for a handle now.

Probable retracement area would be $2.5

Once pattern is complete Natty might fly high to $4.5 again?

Disclaimer: Do not consider this as a buy or sell recommendation. This is purely for educational purposes
Comment:
if at all there is any bounce, and as long as it does not breach the double top, i believe every rally or bounce will be sold from hereon. Lets see
Comment:
NG is nicely moving as per the pattern. Unless the inventories are very bearish for the prices, we could see a support coming in at 38.2 fibo retracement level... play safe around that level
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