Natural Gas continues to show a build up of bullish price action.
Linked below is a previous analysis on the winter contracts showing the target hit DEAD on. Being that winter is not here yet, it's very possible this pattern continues to play out to the upside.
The most recent weather outlook now points to December being the coldest month which means...
Hİ all daily line 1 +2.971 long - 2.971 short
daily line 2 +2.902 long -2.902 short
daily line 3 +2.833 long -2.833 short
daily line 4 +2.732 long -2.732 short
weekly line +2.53 long -2.53 short
this not a investment advice .Amele indikator. goodluck
like and fallow pls
Time to start looking for another spooky Halloween trade as the latter half of October brings in cold temps.
Prices are now sitting near historically supportive levels and bullishly above the 200 week EMA, with the 50 curling up.
A closer look at the 4hr chart shows prices are coiling up with the RSI in buying territory....
hi, usually i'm not sharing my ideas in here. thats why im pretty bad at using this sites chart while analyse. ım wrıting down here, it will go drawn till 1.20. just watch. appreciate later. bonne chance!
The big question is what is going on with Nat Gas this year???
The December(Z) contract is still coiling up in a wedge pattern and about to reveal the answer.
A closer look at the bullish scenario...
It's looking technically hopeful with the 200 Week EMA, $3.00 level, and the bottom of the wedge all lining up.