Natural Gas FuturesUpdated NatGas horizontal channel
NatGas has been trading indecisively for few days now, it formed this channel which shows the potential breakout will bring a movement of 15c in the direction it breaks out to.
Note that if it breaks to lower levels, and breaches a major support line which sits around 2,88$ now, we may see another major drop, possibly reaching 2,5$.
Let's see how it unfolds.
Note that if it breaks to lower levels, and breaches a major support line which sits around 2,88$ now, we may see another major drop, possibly reaching 2,5$.
Let's see how it unfolds.
Note
upper target almost reached
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.