EvanJones

Natural Gas - Resuming Downtrend or ready to make a reversal?

FX:NGAS   Natural Gas (Henry Hub)
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The price recently extended to break the lower lows and this indicated a reversal may be on the cards. Since then price has consolidated but a clear line of resistance has been made. If this structure is maintained this week then I suspect price may resume the continued down trend.

However if this line is broken I anticipate a trend reversal. Winter is coming! as they say in game of Thrones so Nat Gas usually begins to increase in price due to the demand vs supply relationship.

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