natural gas

natural gas

Tuesday, September 22, 2015

Natural Gas Corner - Bearish Triangle Update

The bearish triangle pattern on the weekly chart initiated five weeks ago remains intact.

Notice how last week's rally failed just under lower triangle trend line resistance.  This was a very bearish signal.

The initial downside price objective remains the point 1 low at 2.443.  Longer term, a price break back toward the 2.050-2.250 level cannot be ruled out.


No comments:

Post a Comment