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Strengthening Signs in Natural Gas Market: Targets and Upward Momentum
video Natural gas shows signs of a bottom as it triggers a daily bullish reversal on a rally above yesterday’s 2.58 high. Further, it is now back above the trending indicator, the 34-Day EMA. We will continue to watch for new signs of strengthening to assess the potential for natural gas to eventually rise to a new trend high. The most recent trend high was 2.88. chart Assuming the recent low is complete natural gas should further strengthen. A new ABCD pattern has been added to the chart with an initial target at 3.28. However, there remains the lower target zone and next in line from approximately 3.00 to ... (full story)