Natural gas seems to have a strong support around $3.1 and it bounces from there many times over the past few week. However, the main trend is still down and even with today's pre market spike it still didn't break resistance.
Reason: RSI remains high and continues to move downward. MACD is confirmed for short. Current price is under MA9.
Take profit: $3, then $2.85. Estimate time: 2-3 week.
Reason: RSI remains high and continues to move downward. MACD is confirmed for short. Current price is under MA9.
Take profit: $3, then $2.85. Estimate time: 2-3 week.