Between 3.065 and 3.1-3.2; Watch for potential short-entries.
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Tried to find volume, but I couldnt.
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Bulls had all the time and momentum in the world. They couldnt exploit it. Next week will be interesting.
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-2.5 %. This looks promising for resumption of the good ol' trend into Intermediate cycle low.
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Be greedy on this one and have TP = 2.55ish
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Now, lets see if we can break down that rectangle and continue into the abyss :)
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Inventory-report washed away, now the stop-hunt can start and then the eternal hunt for bottom.
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Took profits when price came down -4.5 % intraday. Expect a pullback now, as most are stopped out from longs.
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Excellent opportunity to short again has presented itself. What has a small heatwave to do with the trend in NatGas? Lets get it down to abyss where it belongs :)
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Price has been consolidating for about a month. I expect it to break down anytime. Still, be cautious, if price manages to close above 3.15.
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But yes, it is annoying like a **** when price just cant go the right place at once instead of using up time.
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ValtsChow
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Hey, any updates on this? :)
UnknownUnicorn540299
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@ValtsVladimirLiepnieks, Yes, it's unchanged view from my side. But bulls are being stubborn here. They really dont want to let go of the uprising trendline. But bears are fighting them down again every time. I hope just bulls give up sooner rather than later and not give in to bulls. Monitor 3.15. I do not want any close on daily above that level.