Natural Gas is trapped in a Channel Up 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 3.7066 is expected in the short term.
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Important price line being approached by Natural Gas. This price has been tested numerous times before.
Natural Gas is moving towards a line of 3.4855 which it has tested numerous times in the past.…