Needless to say, this week is an important week for NATGAS price action.
โช Price needs to hold within or break above the SUPPORT ZONE asap. A sizeable rebound higher would be expected if this succeeds. ๐
โช Failure to hold the SUPPORT ZONE will most likely see prices deteriorate further, possibily to the LOW at $1.50 ๐
โ๏ธ We are yet to see a state of capitulation/panic. This is usually signalled by a spectacular sell-off due to accelerated selling in the form of an out-sized weekly red candle/bar. That would mark the bottom or near bottom.
MrStocky
โช Price needs to hold within or break above the SUPPORT ZONE asap. A sizeable rebound higher would be expected if this succeeds. ๐
โช Failure to hold the SUPPORT ZONE will most likely see prices deteriorate further, possibily to the LOW at $1.50 ๐
โ๏ธ We are yet to see a state of capitulation/panic. This is usually signalled by a spectacular sell-off due to accelerated selling in the form of an out-sized weekly red candle/bar. That would mark the bottom or near bottom.
MrStocky
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