NATGAS/USD Daily Timeframe Price action Analysis

16 Mar 2022

NATGASUSD

Hello Traders,

Here is my Daily timeframe price action analysis.

After reaching a 12 year high in October 2021 of 6.409, the price trended downwards to the current yearly low and key level of 3.6, which was respected multiple times throughout 2021.

We see a turn around in the daily trend at the key level of 3.6 and have been trending upwards since.

Please note the key level from 4.65 to 4.75, which again, was respected multiple times in 2021, currently the price is vibrating around this level and has been doing so since 16th Feb 2022.

4 hourly timeframe analysis alongside potential position entries to follow this evening. Please leave a comment and let me know what you like/dislike or agree/disagree with.