Naturalgas is resisting downside movement as witnessed on chart.
If you see the downward movement of Naturalgas, it is with relatively high volume but it is not coming down as expected from sellers and bouncing back up again as seen 3 times.
Now naturalgas has reached short term resistance zone of 307-310 from which it took support on 9th June, broke it on 10th June, took resistance on 11th and 12th June.
This might be a Change of Character zone for Naturalgas.
And now that Naturalgas is resisting downward movement, we might see breakout of this zone and probable upside movement.
Lastly it is also forming Ascending triangle which is still premature but just for reader's consideration.
Let's watch it on coming days.
If you see the downward movement of Naturalgas, it is with relatively high volume but it is not coming down as expected from sellers and bouncing back up again as seen 3 times.
Now naturalgas has reached short term resistance zone of 307-310 from which it took support on 9th June, broke it on 10th June, took resistance on 11th and 12th June.
This might be a Change of Character zone for Naturalgas.
And now that Naturalgas is resisting downward movement, we might see breakout of this zone and probable upside movement.
Lastly it is also forming Ascending triangle which is still premature but just for reader's consideration.
Let's watch it on coming days.
I am an experienced trader and trade in equities and commodities. I educate traders with practical skills to help them profitably trade in online markets.
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I am an experienced trader and trade in equities and commodities. I educate traders with practical skills to help them profitably trade in online markets.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。