Price breached resistance with a strong red candlestick. We were overbought on RSI and we are in a pullback that may reach first the white line at $2.34.
MACD supports this, as the histogram shows strong downward selling pressure and the MACD is below the signal line in the 4H chart.
Also we are looking a divergence in RSI, doing lower lows, but we still have to wait for price to see if it will rebound before reaching the white line to have the divergence in price completed and with a new local higher low, but until so, Natural Gas is bearish.
MACD supports this, as the histogram shows strong downward selling pressure and the MACD is below the signal line in the 4H chart.
Also we are looking a divergence in RSI, doing lower lows, but we still have to wait for price to see if it will rebound before reaching the white line to have the divergence in price completed and with a new local higher low, but until so, Natural Gas is bearish.
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.