USDNTG NG formed the M pattern on both 3 hour & 4 hour Time frame. Neckline broken on 6th may, Reversal attempt on 7 may and price recovered quickly. SL hunt attempt on 8th may.
NATURALGAS it traded from premium to discount today but the uptrend technically is intact, if however we get one more such move tomorrow then possibly further downward move is likely. So far the buyers are buying aggressively the dips though similar to sep/oct 2024. On the other hand the resistance at 3.80-3.85 is also intact so a tug of war between buyers and sellers.
NATURALGAS you should be following the trend line it bounced from 3.07 and then bounced from 3.42 and now 3.53 thats with low demand next month is going to be hotNATURALGAS Buyers seems to be backNATURALGAS that weekly engulfing looking sus with no follow throughNATURALGAS nice head and shoulders forming in weekly chartNGAS what a battle around the 3.53 level — who wins?NGAS I took profit. Robot says to wait. But I used my human intuition.
NATURALGAS Almost perfect short term double top this week, and the start of the last rallye barely touched 3.00, maybe this level need be revisited for the stop losses be met.NGAS Here's a gift for the short side. Success is 3 out of 4, so don't blame me.
