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Natural Gas (NATGASUSD): Technical Outlook 💹

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Natural Gas (CURRENCYCOM:NATURALGAS)  
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CURRENCYCOM:NATURALGAS   Natural Gas
Head and Shoulders Supply and Demand Candlestick Analysis futures Commodities Natural Gas natgas Natural Gas
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6
headandshoulders supplyanddemand candlestick futures commodities naturalgas natgas ng1!
snapshot

Natural Gas formed a huge head and shoulders pattern on a daily time frame.
7.33 - 7.88 is its wide horizontal neckline.

If the price breaks and closes below the neckline, it will be a very strong bearish signal.
I believe that then the market can easily drop to 6.17 level.

Remember, that for now, a neckline represents a strong demand area.
Consider shorting only after its breakout.

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