Natural Gas: Higher sell opportunity on the medium term.

NG is trading within a steady Channel Down on 1W since February (RSI = 36.221, MACD = -0.203, Highs/Lows = -0.1685) with the price currently consolidating after making a Lower Low near 2.160. Based on the 1D RSI pattern, Natural Gas should now seek a higher level near 53.00 for rejection which inside the Channel Down will be in the form of a Lower High.

The expected horizon is around 65 days since the last Lower High. If it tests and gets rejected again on the MA50, then we will have an even stronger bearish reversal confirmation. The next Lower Low is projected in roughly 55 days after the last one. Under these circumstances we are going short with TP = 2.000.





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