Natural Gas (NG1!) has been on a strong downtrend throughout the whole year and with the 1D MA50 (blue trend-line) suppressing the trend, it eye Support 2 and Support 3 next.
With the 1D RSI though almost oversold, a short-term rebound here isn't unlikely (as previous similar cases), but it will be a short opportunity.
Our next Targets are 2.215 and 1.880.
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With the 1D RSI though almost oversold, a short-term rebound here isn't unlikely (as previous similar cases), but it will be a short opportunity.
Our next Targets are 2.215 and 1.880.
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** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
