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InvestingScope

Natural Gas: 4H Channel Down. Short.

Short
Natural Gas Futures (NYMEX:NG1!)  
InvestingScope  
NYMEX:NG1!   Natural Gas Futures
Trend Analysis Chart Patterns Technical Indicators Natural Gas natgas Natural Gas Energy Commodities Commodities commodity
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trendanalysis chartpattern indicator naturalgas natgas ng1! energy commodities commodity
The price is trading inside a 4H Channel Down that is currently on Lower High territory (RSI = 49.154, MACD = -0.045, Highs/Lows = 0.0335). This is the ideal opportunity for a tight short towards the January 9 low of 2.940. The 1W Support is at 2.882, breaking of which makes NG bearish on the long term.




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