Long

$NATGAS

We are entering what is traditionnaly the bull season for NatGas prices, and this week moves suggest that the bottom is in. Not only did NATGAS moved out of its descending corridor, but it managed to get back into its consolidation zone. Considering seasonality and the possibility of some short covering, I personnaly expect a sharp rise that will bring us above last week resistance. Not to mention that we got a nice reverse head and shoulder here, with higher highs and higher lows.
Chart PatternsTechnical IndicatorsNATURAL GASTrend Analysis

Declinazione di responsabilità