Natural Gas LDay (F)

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HH1! Commodities Futures Chart

 

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FXHighway FXHighway HH1!, W, Long ,
HH1!: Natural Gas constructing positive formation
268 9 0
HH1!, W Long
Natural Gas constructing positive formation

Natural Gas price shows potential bullish pattern, which is an inverted head and shoulders' formation on the weekly chart, will be completed once the price reaches 6.430 area and breach it. Positive factors coming from the EMA50, stochastic, and the bullish trend line that carries the trading since 2012, all these factors will assist to push the price for bullish ...

truetradero truetradero PRO HH1!, W, Long ,
HH1!: Natural gas - reversed Head & Shoulders bullish pattern
267 0 4
HH1!, W Long
Natural gas - reversed Head & Shoulders bullish pattern

Natural gas broke above the neckline of it's bullish reversed Head & Shoulders pattern. Potential is equal to the height of the formation, giving a $7.30 target.

HH1!: Natural gas - a soon pedal to the metal IHS
257 3 2
HH1!, D
Natural gas - a soon pedal to the metal IHS

I'm still neutral but will go bullish with break of neckline. Then we will see the normal back test of neckline and then....Pedal to the metal. Indicators lean towards bullishness. As always.... time will show. Safe trading Gents! BM Music at work: http://www.youtube.com/watch?v=STy1UL49FZM

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