Extremely BULLISH NATURAL GAS after crossing 3.35 levelNatural Gas is showing Bullish Signal.
Bullish Inverted H & S is appearing on 1W Chart which will go for Long Term of Months.
On 1D Chart patterns,two Bullish patterns are developing
1) Inverted H & S (Confirmation will be once price cross 3.34/3.35 mark)
2) Higher Low with 4th Top (looks like inverted H&S but since it is appearing on Top, we may not call it inverted H&S as is the case in 1W Chart (which is appearing at Bottom.
Once the price takes out Resistance, price will run very fast and this will triggere BULLISH NG for months (Of course, Support/Resistance break will play on Shorter time frame of Hourly/Minute Chart).
Fisher and MACD both show positive signal.
Here I forecast how the things will happen exactly (after Big run up): -
When 1Month Fisher has positive crossover (+X) by that time price would have run up too fast. Therefore cool down will begin after 1M +X of Fisher.
This will happen when 1D Fisher and MACD are at Extreme Top, 4Hour makes 2 Top with LOWER HIGH of Fisher and MACD.
POWER OF PRICE CYCLE (This will last for few months)
PREDICTED SUPPORT Level after TOP (and after 1M Fisher +Crossover -
1)1W MACD will not fall below Signal Line and Fisher may be Negative
2) 1D MACD will negative crossover and shall fall upto 0
3) 4H both MACD and Fisher at Extreme Bottom.
Ehat point of time will be again to enter on Buy side.
But in between, there are many days to play BULLISH BLAST after 3.35.
Long
