NATURAL GAS - Week 53 - Bull Market to resume
NATGAS/USD
Last week Natural Gas respected our forecast and made a new 4H low. If we look in the bigger picture, we expect the price to resume the bullish trend that started in June. There is a possibility that it may continue to go down to test the lower channel line, but we will ignore it and we will keep our focus on the buys. Keep in mind that this week the market may miss some volatility due to the Holiday season.
Trade safe & a Happy New Year!
Best regards,
Financial Flagship
Disclaimer: The analysis provided is just informal and it should not be used as financial advice. Remember that you need a plan before you start trading; so take this as your guide that will ultimately help you understand the market and easily predict your next move.
Last week Natural Gas respected our forecast and made a new 4H low. If we look in the bigger picture, we expect the price to resume the bullish trend that started in June. There is a possibility that it may continue to go down to test the lower channel line, but we will ignore it and we will keep our focus on the buys. Keep in mind that this week the market may miss some volatility due to the Holiday season.
Trade safe & a Happy New Year!
Best regards,
Financial Flagship
Disclaimer: The analysis provided is just informal and it should not be used as financial advice. Remember that you need a plan before you start trading; so take this as your guide that will ultimately help you understand the market and easily predict your next move.
Trade closed manually
