Natural Gas has broken through the resistance line of a Triangle technical chart pattern. Because we have seen it retrace from this line in the past, one should wait for confirmation of the breakout before taking any action. It has touched this line twice in the last 4 days and suggests a possible target level to be around 3.6625 within the next 5 hours.
Related Posts
Will Silver Spot break through the support level it tested before?
Silver Spot is approaching a support line at 35.7904. If it hits the support line, it may break…
A possible move by Natural Gas towards 3.4712
Pennant pattern identified on Natural Gas has broken through a resistance level with the price momentum continuing to…
If Natural Gas touches 3.3240 it may be time to take action.
A strong support level has been identified at 3.3240 on the 15 Minutes Natural Gas chart. Natural Gas…