InvestingScope

Natural Gas: A complete long term trading plan.

NYMEX:NG1!   Natural Gas Futures
Natural Gas is on a long term bearish channel both on 1W (RSI = 40.315, MACD = -0.138, Highs/Lows = -0.5349) and 1M (RSI = 46.180, Highs/Lows = -0.0611, B/BP = -0.7200). It is close to a pivotal point within an inner Channel Down where a rejection should deliver a rebound to 3.145 - 3.420 but a break lower a test of the 1.610 - 1.685 Support Zone. We will wait for confirmation of any of these two and will follow the trend.







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