Neutral: Bearish continuation or Bullish reversal:Descending Tri

The last four trading days saw gas closing lower after attempting to breakout(see prior post) and in so doing, filled the gap created on the 17th of April. I am still long on this and have not closed my swing trade.

Technicals:

• chart: A potential descending triangle is forming.
  Volume: Massive build up on volume over the last few weeks.
  RSI: ...
  

Whether this will end up being a bearish continuation or be a bullish reversal is a story worth watching.
What ever direction this takes, it will explode.

Disclaimer: Not financial advise.

評論:

NatGas had its best week since May 15th week, trading 16% higher on weekly. A move like this tends to follow through. Will this touch $3 this week?

As of 18th of June 23': NG1! futures are
1W:Up 16%
1M:Up 10%
HY: Down 60%
1Y: Down 64%

Week of 19th data. United States Natural Gas Stocks Change on Thursday.
Disclaimer: Not financial advise.