NGAS

https://www.tradingview.com/chart/G7wSjf9e/
Let's see if ema 68 can hold..

Comment:

ema 68 broken.... natural gas might find a support around 2.6ish.

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Comment:

The daily Renko has been attached.

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Let's keep an eye on this price level....

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Comment:

Look at how close the candle to the cloud.

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Comment:

"Natural gas plunges as meteorologists declare winter is over, El Nino may be coming"
www.cnbc.com/2017/02...-el-nino-coming.html

Comment:

Natural gas almost printed a dragonfly, it's bullish.

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Comment:

It would be great for bulls to see NGAS closed above 2.92 or 2.93 by the end of Friday.

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2.86 should be a critical support by far

s3.amazonaws.com/tra...shots/t/tent2Y9P.png

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The daily Renko has been attached.

s3.amazonaws.com/tra...shots/j/JLQBlFOL.png

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The evening star pattern has been confirmed on the weekly chart.

s3.amazonaws.com/tra...shots/x/XCzCTWPi.png

Comment:

NGAS is below ema 200 on the weekly chart. If it closes below 2.96, it would likely test 2.6x~2.7x. If it closes above 2.96, it could go up to 3.2x again. The inventory report is released on every Thursday.

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Comment:

If the weekly candle closes below 2.96, likely we would see 2.65 ~ 2.75 level soon

s3.amazonaws.com/tra...shots/r/rrNjsnI4.png