Hello,Traders! NATGAS has collapsed and Has reached a strong horizontal Support level from where A local bullish rebound Is likely to happen Buy! Like, comment and subscribe to boost your trading!
@TopTradingSignals, Bearish fundamentals in US an Europe give NG the potential for a bounce from 3.50, as occurred on 1/6. However, overall chart pattern of NG is that of a massive technical rollover top, a very bearish pattern, with substantial price resistance now overhead, with buyers looking to get out from higher levels. A break of this support could cause a new, and perhaps final Wave 5 move down with a more significant price breakdown, potentially towards the June 2020 lows of 1.50. Trade carefully !
SignalProvider
⋅
Waiting for breakout too!
Mihai_Iacob
⋅
Nice analysis about NATGAS. Let's see if will raise. Thanks for sharing your opinion with us.