Natural Gas Daily Update
Natural gas has possibly completed the corrective bounce and could launch a wave down towards the charted rectangles.
The mid and long term perspective for both bull and bears were discussed in the weekly report.
NG candles are slightly bearish, possibly forming a strong bearish combo. If it is confirmed in the next 1-2 days, NG could experience a sizeable move down, or even resume a longer term bearish trend.
Possible target area – as charted.
The size and character of the next wave down would be critically important for the path NG will take for the upcoming weeks.
A bigger path and probabilities were discussed in details in the Latest Weekly on April 22nd:
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p.s. This is the last week we are offering free daily reports on Natural Gas and Oil to the public.