As you can see on the chart, natural gas has hit a support level and i'm sure a lot of buyers are rolling into the market now. You may buy now but make allowances for the fact that support could get broken.
Please note that this chart is an opinion based chart only. Please trade at your own risk
The market stays in the downtrend and we should be ready to see the further falling in the long run. But there is a strong support level not far from the current price where we will be able to get a buy opportunity. If the support zone at 2.60 level can stop the market and we get a confirmed reversal signal, it will be used for buying with stop orders below the...
Good weekend everyone,
Update on NATGASUSD ;
As we can see on weekly timeframe we have a huge 2 year support on 2.58 zone and the natgasusd is on bearish rally since ATH around 4.86 usd, overall weekly this commoditie is BEARISH.
RSI approaches oversold zone and this might be a good opportunity.
Daily chart we see a good support/demand zone around 2.72 usd...