Natural Gas Weekly Price Forecast – Natural Gas Pressuring Resistance
ANALYSIS
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on NATURAL GAS as long as the price remains well above 3.230 USD. The buyers' bullish objective is set at 3.509 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 3.543 USD. If there is any crossing, the next objective would be the resistance located at 4.837 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
~*~TREND~*~
Short term: STRONGLY BULLISH
Underlying: STRONGLY BULLISH
TECHNICAL INDICATORS
Bullish 94%
Bearish 6%
MY OPINION
BULLISH ABOVE 3.230 USD
MY TARGETS
3.509 USD (+5.60%)
3.543 USD (+6.63%)
Natural gas markets have initially pulled back just a bit during the course of the trading week but turned around to show signs of strength. With that being the case, the market is likely to continue to see a lot of pressure to the upside. However, it is not until we break out above the $3.40 level that the breakout is actually complete, and that could open up a possible move of $1.00 higher based upon the “measured move.”
3.330 Level is Critical, If we Break through we might see 3.398 as next resistance and if Bullish pressure continued, The next Major Resistance is 3.493 and it will crush All sellers. As the market is very Strongly Bullish and there is no point to short this market until we see it melting down and passing though 2.800 level.
I believe that history might repeat itself and we open on Monday 14 June 21 with a Gap Upwards and Bullish momentum might continued.
NFA. Please do your own research.
ANALYSIS
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on NATURAL GAS as long as the price remains well above 3.230 USD. The buyers' bullish objective is set at 3.509 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 3.543 USD. If there is any crossing, the next objective would be the resistance located at 4.837 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
~*~TREND~*~
Short term: STRONGLY BULLISH
Underlying: STRONGLY BULLISH
TECHNICAL INDICATORS
Bullish 94%
Bearish 6%
MY OPINION
BULLISH ABOVE 3.230 USD
MY TARGETS
3.509 USD (+5.60%)
3.543 USD (+6.63%)
Natural gas markets have initially pulled back just a bit during the course of the trading week but turned around to show signs of strength. With that being the case, the market is likely to continue to see a lot of pressure to the upside. However, it is not until we break out above the $3.40 level that the breakout is actually complete, and that could open up a possible move of $1.00 higher based upon the “measured move.”
3.330 Level is Critical, If we Break through we might see 3.398 as next resistance and if Bullish pressure continued, The next Major Resistance is 3.493 and it will crush All sellers. As the market is very Strongly Bullish and there is no point to short this market until we see it melting down and passing though 2.800 level.
I believe that history might repeat itself and we open on Monday 14 June 21 with a Gap Upwards and Bullish momentum might continued.
NFA. Please do your own research.
Comment:
twitter.com/ron...187948916752385?s=21
Comment:
TRADE IS GOING ACCORDING TO IDEA... KEEP HOLDING UP THE LONG FOR GOOD PROFIT 😉
NFA
NFA