NGAS has taken a nice correction recently, which is expected given the momentum with its move south.
A wedge has began to form with some volatility in recent days forming this pattern. Given we have divergence on the RSI and the overall direction is bearish, I'm expecting some oscillation within the triangle and then a break to the south.
This is also backed by the seasonal change of Spring/Summer here in the northern hemisphere.
For more information keep an eye for my website to sign up for its pending release: www.ejfxtrading.com
A wedge has began to form with some volatility in recent days forming this pattern. Given we have divergence on the RSI and the overall direction is bearish, I'm expecting some oscillation within the triangle and then a break to the south.
This is also backed by the seasonal change of Spring/Summer here in the northern hemisphere.
For more information keep an eye for my website to sign up for its pending release: www.ejfxtrading.com
