NATURAL GAS – Week 11 – 2 scenarios in play.

As forecasted in our previous analysis, Natural Gas continued to consolidate, reaching the support area located at $2.6.
For this week, we will study two scenarios:
1. Blue arrow scenario: If the price breaks the resistance and the orange trendline, we gain confidence that we will re-test the $3 area.
2. Orange arrow scenario: If the price continues to move correctively around this area and breaks the support, there is a high chance that we will be heading towards the orange dashed line.
Trade with care.

Best regards,
Financial Flagship

Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.