Natural Gas is moving towards a resistance line which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If Natural Gas continues in its current trajectory, we could see it reach 3.9771 within the next 2 days.
Natural Gas is quickly approaching the resistance line of a Falling Wedge. We expect either a breakout through this line or a rebound.
