Today we have the significant breakout above the blue trendline.
This is the confirmation that NatGas bottomed. The DCL occured on the 12.08.
We are on day 9. We have 2 comfortable weeks to run from now. (Maybe 3) And by now you know Natty likes the green candles.
In the next 2 weeks we should take out 3$ and run to new highs.
Indicators
RSI is just entering to overbought but it can be overbought for a month.
MACD had just crossed over it has weeks to go up.
TSI is the same : it just crossed over.
I missed the last DCL unfortunately. This time NatGAs just almost tested back the FIBO 50 and the breakout.
And we entered at that "almost level".
The next resistance is at 2.994 : the previous cycle high.
This is the confirmation that NatGas bottomed. The DCL occured on the 12.08.
We are on day 9. We have 2 comfortable weeks to run from now. (Maybe 3) And by now you know Natty likes the green candles.
In the next 2 weeks we should take out 3$ and run to new highs.
Indicators
RSI is just entering to overbought but it can be overbought for a month.
MACD had just crossed over it has weeks to go up.
TSI is the same : it just crossed over.
I missed the last DCL unfortunately. This time NatGAs just almost tested back the FIBO 50 and the breakout.
And we entered at that "almost level".
The next resistance is at 2.994 : the previous cycle high.