Natural Gas #NG - Hitting Key Resistance Trendline - Target 4.9
Natural Gas has been on a tear for last couple of months due to Russia-Ukraine War. Natural Gas broken the key double top level 6.5 on weekly chart and also hit a key resistance trend line today at 6.7 This week close will be very crucial to see if it can close above the trend line. We'd need to also wait to see next close above the trend line for confirmation. I'm expecting a pull back at these key levels and expect NG to hit back 4.9 in coming months.