After a bottoming process and a reset of the rsi, a surge up is possible here. Nat gas is also at structural support which usually reacts with price in a positive or negative way. Holding here and not getting below 2 dollars would be very positive. If correct, the target is about $3.50
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pullback likely soon, but I think it continues up
Komentarz:
target reached, above 3.23 and it will continue. I expect a consolidation first, but you never know with nat gas.
Komentarz:
above "2.32" I meant
Komentarz:
support has held so far, still needs to break 2.32
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nat gas in a channel here. I can't say t's a bull flag, but some might.
Komentarz:
breaking out of the channel, UNG up 6 percent
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Plenty of room to run on UNG, note the daily bull divergences on the rsi.
Komentarz:
looks good, next heavy resistance at 2.40 area
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2.40 area reached, maybe a pullback here, we'll see...
Komentarz:
just a small pullback, now we are at the next resistance. Over it and it will become support....
Komentarz:
still in the resistance area, NAT gas could take a breather here. Daily rsi very hot at the moment compared to previous peak.
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nat gas support zone with oversold rsi on 4hr. I think it's an objective long for at least a bounce if not more.
Komentarz:
gap up and testing support
Komentarz:
nat gas weekly still looks constructive, a break above the last high would be very bullish.
