Dear Friends, as we can see a trend reversal chart pattern. Head & Shoulders pattern forming 1hr So a signal that the market is going to move Up. Price Pattern completion on the break of the neckline (fibo levels 0.618 around). Let's see how it goes. Personally Expected Bearish trend for today.:) P.S. Today, EIA Reports Natural Gas Inventories Good Luck!
There’s More Upside For Natural Gas Using Fibonacci Confluence Trading Price Action ... as hits the zone of those past level and shoots back up tending to be respect in a trend up setup on trend continuation or simple bullish momentum.!!!!!!! P.S. Today, EIA Reports Natural Gas Inventories Good Luck!
Ngas on Friday prices dropped in a downtrend (a bearish bias) through trendline support near Fibo 0.618 level which is now seen as Resistance at 2.92. Support is seen near 2.86 Fibo 1 level As we can see on the 1hr Chart Momentum is bullish and technically I will be looking for a retest / pull back sell.!! Have a nice weekend
Brent at moment looking like bullish correction with small rising. I'm not going to trade this. Looking to sell a minor rally up near 49$ Just waiting for price to trade up to resistance in the Sell Zone. If the market retest the resistance zone we can enter a Short trade setup. Have a good trading week!