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NATURAL GAS – Week 26 – Post pandemic ATH.
In our last forecast, we expected Natgas to give us a confirmation for a bearish move. Instead, the price made a new all-time high.
In the coming week, we foresee the price to correct towards the trendline, but considering the fact that we are in a strong bullish trend, we will need to wait for a confirmation that will be represented by a strong breakout from the dotted line followed by a small consolidation.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
In the coming week, we foresee the price to correct towards the trendline, but considering the fact that we are in a strong bullish trend, we will need to wait for a confirmation that will be represented by a strong breakout from the dotted line followed by a small consolidation.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
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