Natural Gas Countertrend Rally Expected Next Week
Natural gas has regular countertrend rallies.
The pink arrows are when the daily cycle turned bearish, a counter trend rally started soon after.
Countertrend rallys typical have gone up to the previous consolidation level, this would be approximately $1.80.
Trading sideways is also a possibility if the bulls can not get any momentum, similar to what was seen in mid to late January.
The pink arrows are when the daily cycle turned bearish, a counter trend rally started soon after.
Countertrend rallys typical have gone up to the previous consolidation level, this would be approximately $1.80.
Trading sideways is also a possibility if the bulls can not get any momentum, similar to what was seen in mid to late January.
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