Bullish target reached, now pulling back to gather momentum for

May 23, 2018

NG has reached our previous TP = 2.900 and now faces the Resistance of the High extreme line. 4H is a Channel Up but has reached near overbought levels (RSI = 69.332, STOCHRSI = 92.540, Williams = -19.847) with 2.881 its support/ Higher Low. This is expected to break and move to the Higher Low of the proper 1D Channel Up (RSI = 65.173, Highs/Lows = 0.0691) near 2.779. The 2.779 - 2.830 area is a buy zone for the next bullish leg to 3.000 (TP). If it makes also a low "extreme" near 2.747 it shouldn't alarm us since it's been also done on March 26.