Repuzel
Short

Bearish flag points NG down to $2,5

NYMEX:NG1!   Natural Gas Futures
Possible bearish flag forming on daily and 4H charts, it's aiming towards $2,5 area.
Comment: Bearish RSI divergence:

https://invst.ly/9qmzo
Comment: No bullish response to the draw report. We are still within the flag.

Comment: Daily closed at 3.099 which is just at the top of the flag. There is bit colder weather coming in, and a gap to 3,3. However, this pattern can still be in play and bearish drop may come next week, but we are yet to see.

https://invst.ly/9rinh
Polar Vortex is breaking apart and will send eddies of cold air down into the midwest and east coast of the USA. With NG already at bottomed out prices for mid winter I think $3.75 is a very real possibility in the next two weeks. Bullish on NattyGas.
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Daily closed at 3.099 which is just at the top of the flag. There is bit colder weather coming in, and a gap to 3,3. However, this pattern can still be in play and bearish drop may come next week, but we are yet to see.

https://invst.ly/9rinh
Reply
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