Natural Gas Daily Cycle Update
June 26 is well confirmed as the daily cycle low.
The bulls were strong early in the cycle but now appears to have been a strong counter trend rallied fueled by weather changing short term fundamentals.
Bulls do still have a chance but with the weak bounce that failed this past week price action favors the bears.
Depending on the bear strength price targets would be $1.50 or $1.30, there is a chance for substantially lower due to current market conditions
If fundamentals don't change much from now $1.50 will offer substantial support.
The bulls were strong early in the cycle but now appears to have been a strong counter trend rallied fueled by weather changing short term fundamentals.
Bulls do still have a chance but with the weak bounce that failed this past week price action favors the bears.
Depending on the bear strength price targets would be $1.50 or $1.30, there is a chance for substantially lower due to current market conditions
If fundamentals don't change much from now $1.50 will offer substantial support.
İlgili yayınlar
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.