Multiple Signals, which way for Nat Gas

FX:NGAS   Natural Gas (Henry Hub)
98 1 3
Depicted in the chart are 5 scenarios that I'm expecting price to take in the next few weeks, my summary is below:

1.) Price may hit the lower trendline and bounce within the triangle support pattern that was created.
2.) If 1.) is obeyed then I expect a further break to the low made in December. If temperatures begin to warm in the US (keep your eye on the weather forecasts for the states, e.g. outlook)
3.) Price may break the lower trendline and then consolidate in the upper trendline , which has been providing more resistance than the lower trendline
4.) If 3.) Occurs and as stated in 2.) temperatures warm in the states I expect another low to be made
5.) Ideally this is the trade I would like to take up to the the three resistance lines or to the 3.0 level. There must be an under supply of gas combined with a cold snap in the US for this to occur

For more info sign up to my website, where I'll be updating it soon with tons of content for you to enjoy: www.ejfxtrading.com
For further analysis on charts, trade setups and education please sign up to my website to find out about some exciting courses that I will be teaching, at www.ejfxtrading.com
jdgpro PRO
a year ago
I like 1 and 2, personally. 5 is a long shot fundamentally, in my opinion, but I could easily be wrong.
Ideas Scripts Chart
United States
United Kingdom
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out