Natural Gas has been consolidating since Mar 2023 and has formed a round bottom. I expect NG to hit the first target $3.0 within next 1-2 weeks and then consolidate at those levels before the hitting target $3.6, which will be a conjunction of two resistance lines blue and white. Let me know your thoughts in comments.
First Target met $3.005 .. Expect some back to $2.7 to $2.8 , before breaking $3 level for the second target $3.6 ..
Expecting NG to hit $3.6 this week or next..After hitting $3.6, expect pullback to $3
Trade closed: target reached:
Today's high was $3.643 .. target $3.6 achieved. I expect NG to pull back to $3.2 in next 1-2 weeks.