Today Natural Gas bounced, but stopped short from flipping the bearish odds to bullish. The main focus, though, is on the weekly candle that will be printed tomorrow. Any red candle will be bearish, elevating the bearish odds. On the other hand, a green candle will not necessary be bullish and will depend on the exact level and shape. It will be discussed in details after closure, in the weekly analysis.
So far, the odds on the larger frames are bearish and I keep the bearish path as primary.
Possible bearish road map.
The long term targets remain the same, as discussed in details in the latest weekly report:
Latest Oil Weekly Analysis – Dec 10th:
I hope everyone listened and took advantage of this NatGas alert. NG lost 25% after the call.
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