coolguy314

NG shows weakness

Currently, Natural Gas is at the 38% Fibonacci Retracement level, and it is bouncing between 2.68 and 2.38. If it is able to breakthrough 2.68 resistance, there is a chance for a bull run upwards. If it breaks below 2.38 resistance, it is likely to test new lows. Potential for a double bottom formation is also likely in that scenario. April will likely bring higher lows and higher highs based on seasonal patterns.
Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.