Natural Gas Strong short-term Sell Signal
Natural Gas since 12th June followed an upper trend channel with lower than expected injection through several weeks, although temperatures were cooler than average.
Higher temperatures are showing with texas being the main catalyst but a higher injection on last weekly report are increasing volitily of the natural gas market.
On technical basis, we are having similar set up as end of April, breaking through MACD upper chanel with a retest, and following same RSI pattern.
#Likes and comments are highly appreciated.
##Trades with your own risks and money management.
Higher temperatures are showing with texas being the main catalyst but a higher injection on last weekly report are increasing volitily of the natural gas market.
On technical basis, we are having similar set up as end of April, breaking through MACD upper chanel with a retest, and following same RSI pattern.
#Likes and comments are highly appreciated.
##Trades with your own risks and money management.