View full page at energyexch.com

 

Natural Gas is Bullish

From moor-analytics.com

The decent trade below 2940-48 (+1 tic per/hour) warned of pressure. We have seen 524 tics of this so far. The maintained gap lower on 3/4/21 left a minor bearish reversal above. We have seen 359 tics of pressure so far. We held corrective exhaustion at 2687-95 with a 2688 high and rolled over 235 tics. These are ON HOLD. The break below 2459 and back above it and the 2488 area brought in an early termination of the bear structure and entry into a bullish correction projected greater than 200 tics from the low. We have seen 235 tics so far, and 197 tics from 2488. On a shorter-term basis: The decent trade above 2577 ... (full story)

Story Stats

  • Posted:
  • Category: Technical Analysis