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jdgpro

Triple Top & Negative Divergence

Short
Natural Gas (Henry Hub) (FX:NGAS)  
jdgpro Updated   
FX:NGAS   Natural Gas (Henry Hub)
6
0
Triple Top Reversal Possible. Bearish Divergence on MFI on the daily chart, suggests a substantial downtrend on the way. Measured move $0.191 to $2.71.
Comment:
Multiple fundamental analysts suggest NG range bound from $3.10 to $2.70-$2.80, depending upon the analyst.
Comment:
Still holding strong, but that bearish divergence is still there too.
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