NATURAL GAS – Week 10 – Bullish trend to resume.
As forecasted in our previous analysis, Natural Gas continued to consolidate, breaking the $2.70 support.
For this week, we anticipate the price to drop towards the $2.6 area, which coincides with an important support area. Based on the market structure and the divergence formed in our RSI indicator, we expect the bullish sentiment to return soon and drive the price towards the $3 level.
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.
For this week, we anticipate the price to drop towards the $2.6 area, which coincides with an important support area. Based on the market structure and the divergence formed in our RSI indicator, we expect the bullish sentiment to return soon and drive the price towards the $3 level.
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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