Natural Gas has broken through the resistance line of a Triangle technical chart pattern. Because we have seen it retrace from this line in the past, one should wait for confirmation of the breakout before taking any action. It has touched this line twice in the last 13 days and suggests a possible target level to be around 3.9132 within the next 2 days.
Related Posts
Could a large bullish move on Natural Gas be a sign of things to come?
For those of you that don’t believe in trends, this may be an opportunity to take advantage of…
Natural Gas is quickly approaching the resistance line of a Falling Wedge. We expect either a breakout through this line or a rebound.
Natural Gas is moving towards a resistance line which it has tested numerous times in the past. We…
Brent Crude – breach of a trending resistance line that has been tested at least twice before.
Brent Crude has broken through a resistance line of a Triangle and suggests a possible movement to 74.1699…