NATURAL GAS: Peak reversal. Strong sell signal.

Oct 7

Natural Gas is about to turned neutral on its 1D technical outlook (RSI = 58.678, MACD = 0.175, ADX = 30.811), previously from an overbough state, as it made a standard LH rejection at the top of a year long Triangle pattern. The 1D RSI peaked like all prior LH, the 1D MACD is forming a Bearish Cross (again like all prior LH), so we have a prime sell signal in our hands. Common target on all was the 1.786 Fibonacci extension (TP = 2.165).


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