Natural Gas was identified at around 3.219 having recently rebounded of the resistance on the 30 Minutes data interval. Ultimately, the price action of the stock has formed a Falling Wedge pattern. This squeeze may increases the chances of a strong breakout. The projected movement will potentially take the price to around the 3.0907 level.
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A Falling Wedge has formed, Natural Gas is approaching resistance. Can we expect a breakout and the start of a new trend or a reversal?
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Natural Gas is approaching a resistance line of a Ascending Triangle. It has touched this line numerous times in the last 2 days.
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