Natural Gas Forecast, 4H

١٨ أغسطس ٢٠٢١

As you can see natural gas was going up creating uptrend. currently it is above strong support 3.8 area. The 4.00 area is a local resistance and if it removes the local resistance then it will go and continue the uptrend. However if the strong support level is broken then the 3.55 area or even 3.35 area might be exposed. Why am i targeting the 3.35 area?? Because it needs to fill the 50% retracement from it's previous higher low, on daily chart. My bias will be bearish after it breaks the support (3.8 area)