The movement of Natural Gas towards the support line of a Channel Up is yet another test of the line it reached numerous times in the past. This line test could happen in the next 2 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current levels.
Related Posts
US Oil consistently settling in one direction. Will it continue?
US Oil has moved lower after 4 consecutive daily candles from 78.4740 to 66.0695 in the last 5…
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?
Natural Gas is trapped in a Falling Wedge formation, implying that a breakout is Imminent. This is a…
Natural Gas is quickly approaching the support line of a Falling Wedge. We expect either a breakout through this line or a rebound.
Emerging Falling Wedge detected on Natural Gas – the pattern is an emerging one and has not yet…