Today Natural Gas tried to negate the bearish candle it made yesterday, but failed. The daily odds remain bearish with a chance of completing a bearish Sandwich pattern tomorrow.
Tomorrow also is an important day when the semimonthly (15-day) candles will be closed. A closure above $7.221 will likely flip the odds bullish and open a path to higher prices. A closure below this level will probably keep the odds bearish.
Possible bearish road map.
The long term targets remain the same, as discussed in details in the latest weekly report:
I hope everyone listened and took advantage of this alert two weeks ago. NG lost 25% after the call.
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Latest Oil Weekly Analysis – Dec 10th:
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