Price forming head and shoulder pattern and currently at the edge of completing the pattern to break the trend line and fall big. One should only confirm when the price breaks the trend line or the marked levels before shorting the script.
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Midterm forecast:
While the price is below the resistance 3.000, beginning of downtrend is expected.
We make sure when the support at 2.250 breaks.
If the resistance at 3.000 is broken, the short-term forecast -beginning of downtrend- will be invalid.
Technical analysis:
While the RSI resistance #1 at 52 is not broken, the probability of price increase would...
We see natural gas again nee down 2.00 /1.60price. Natural gas price 2022 December Under Natural gas price 2.00/1.60 coming possible from 3.10 to 3.90 level. But Friend time not matter when coming down,but 95% sure it's coming down.
I hope our idea help your trading. 🙂
NG has touched the resistance trend-line of daily time-frame. So the price of NG might fall. So here's my probability study in 4 hours time frame.
Entry: 3.064
Stop Loss: 3.1
Target 1: 2.997
Target 2: 2.957
Disclaimer:
This is the study based on my view. I can be wrong. Please apply your own study for entry, exit & stop loss.
