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Sept Nat Gas/ At Major Resistance *PIC*

Sept Nat Gas double bottomed at the April lows of 2.22 which was the acid test mentioned previously and has run back up to the one year downtrendline. Price resistance is just above at 2.91 and 3.15. Only a cross of 3.15 that holds would suggest a reversal in price to the Fib 38.2% to 50% level. The 3.15 is also the falling 200ema. This is the 1st time in a year that the 20ema and 50ema have traded in a sideways channel. Price has been in a 4 month channel between 2.22 and 2.91. A breakout would project a run up the depth of the present 4 month channel.

Messages In This Thread

Sept Nat Gas/ At Major Resistance *PIC*
Re: Sept Nat Gas/ At Major Resist/Trades/Limitup
Re: Sept Nat Gas/ At Major Resist/Lee *PIC*