Natural Gas - Last month tried to break below its 20 year support-line and without success, this could be a clear warning, that Natural Gas is in a bottoming process.Looking at the Monthly chart we can see a clear A-B-C decline form the December-2005 high at 15.78, while looking at the daily chart below we can see, that we last month tested the blue channel support-line and is about to break clearly above the red channel support-line at 2.65 after a throw over. A close above the red channel support will call for a move towards resistance in the 3.20 - 3.30 area, which is a rally of 20%.
It might just pay off to keep an eye on Natural Gas.
can it reach 2.80-3$ this month or in march? Thank you in advance
ReplyDeletesir plz update about natural gas. plz plzzzzzz sir
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