Natural Gas Downtrend: Signs Point to Extended Bearish Territory
From fxempire.com
{video} It looks like natural gas is not yet done with its retracement. Today’s trading activity started as an inside day but has since morphed to trigger a bearish continuation of the retracement. Sellers clearly remain in control as the early attempt to go higher from the open failed, leading to a sustained decline into new trend lows. A large ranged red candle is the result and natural gas may close below Monday’s low, providing an additional bearish indication. {chart} Yesterday’s trading range created a potentially bullish hammer candlestick pattern. It did not trigger however, and instead sellers took over the ...
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