NATURAL GAS Long-term High has been made. SELL.Natural Gas (NG1!) is having a strong bearish reversal since the January 09 High, which on this 1D time-frame can be identified as a Lower High on a 3-month Channel Down pattern. On top of that, the 1D RSI got overbought above 70.00 and is correcting.
This appears to be the new Bearish Leg of the Channel Down and we expect it to last around 1 month. Our Target is a new Lower Low on Support 2 at 2.135.
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