NATGAS was on a very strong run so far.
The long lasting channel and support (white lines) is still being held - hence we are not expecting a big bearish move on NATGAS yet.
But the short-medium term support has broken (orange line). On top: RSI and MACD show some bearish divergence. We are making new highs, but the RSI and MACD is not convinced (no new highs).
This, we expect a correction back into the 3.80-4.00 area, before NATGAS will maybe make its next move.
The long lasting channel and support (white lines) is still being held - hence we are not expecting a big bearish move on NATGAS yet.
But the short-medium term support has broken (orange line). On top: RSI and MACD show some bearish divergence. We are making new highs, but the RSI and MACD is not convinced (no new highs).
This, we expect a correction back into the 3.80-4.00 area, before NATGAS will maybe make its next move.