NATURAL GAS – Week 15 – Testing the support.
In our previous analysis, we anticipated that Natgas will break the resistance area, but instead, the price decided to make a deeper pullback and closed the week almost where it started.
For this week, we expect the price to make a second attempt and head towards the resistance area, having a great chance to break it. If the price will be rejected at that level, there is a good chance that will head towards the support level.
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 expect the price to make a second attempt and head towards the resistance area, having a great chance to break it. If the price will be rejected at that level, there is a good chance that will head towards the support level.
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
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