NATGAS - NAUGHTY FALL AHEAD ?
Cup pattern is complete with double top resistance. Looking for a handle now.
Probable retracement area would be $2.5
Once pattern is complete Natty might fly high to $4.5 again?
Disclaimer: Do not consider this as a buy or sell recommendation. This is purely for educational purposes
Probable retracement area would be $2.5
Once pattern is complete Natty might fly high to $4.5 again?
Disclaimer: Do not consider this as a buy or sell recommendation. This is purely for educational purposes
Kommentera:
if at all there is any bounce, and as long as it does not breach the double top, i believe every rally or bounce will be sold from hereon. Lets see
Kommentera:
NG is nicely moving as per the pattern. Unless the inventories are very bearish for the prices, we could see a support coming in at 38.2 fibo retracement level... play safe around that level