RLinda

Natural Gas ! Formation of a breakout consolidation

Long
NYMEX:NG1!   Natural Gas Futures
Natural gas continues to grow. The first stop was at $8, followed by a technical pullback that formed a sideways range between $8 and 6.82. After a false breakout of support, the price rises to the level of 7.72 (local resistance)

This level 7.721 was confirmed by the price. After a false breakout, the price does not fall from the level
returns to resistance and forms a pre-breakdown consolidation

I assume a breakdown of resistance 7.721 and an increase in the price from the short term to 8.06. In the medium term, I am interested in the target - 8.474

Sincerely, R. Linda!

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