Natural Gas Daily Update
Natural Gas spent on the corrective action a little longer and formed a bearish flag. The targets remain the same.
The mid and long term perspective for both bull and bears were discussed in the weekly report.
NG candles are slightly bearish, possibly signaling readiness for a sizeable move downwards. If the formation is confirmed in the next 1-2 days, NG could resume its longer downturn.
Possible target area – as charted.
A bigger path and probabilities were discussed in details in the Latest Weekly on April 22nd:
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