Natural Gas is trapped in a Rising Wedge formation, implying that a breakout is Imminent. This is a great trade-setup for both trend and swing traders. It is now approaching a support line that has been tested in the past. Divergence opportunists may be very optimistic about a possible breakout and this may be the start of a new trend. It may also be that this convergence factor may result in the ideal setup for swing traders that are on the lookout for a possible bounce-back. Whatever happens, an initial move towards 3.9238 is expected in the short term.
ARTÍCULOS RELACIONADOS
After testing the resistance line numerous times, Silver Spot is once again approaching this line. Can we expect a bullish trend to follow?
Silver Spot is approaching the resistance line of a Channel Down. It has touched this line numerous times…
Big movement possible on Natural Gas after a breach of 4.0725
A strong support level has been breached at 4.0725 on the 15 Minutes Natural Gas chart. Technical Analysis…
A Channel Down has formed, Silver Spot is approaching support. Can we expect a breakout and the start of a new trend or a reversal?
Silver Spot is moving towards a resistance line. Because we have seen it retrace from this line before,…