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Natural Gas: In A Bullish Channel

ByPetros Steriotis
Published 04/20/2017, 07:48 AM
Updated 02/01/2024, 03:34 AM

NG in a bullish channel, with multiple support between 3.12 and 3.09

Natural Gas Chart

Original post

Latest comments

I asked you this 10 days ago. Let me ask again. Does it work this way too?: https://invst.ly/3pu46
Contango is .093 cents as it stands now, which will show on the chart in few days.
it could go this way but what I dont agree with is the price projection shown in the far right purple channel. I agree with the contango issue
Dear Mr. Red Hot, I really find that you really evaluate and synthesize each and every analysis, especially on natural gas, I appreciate this. . . But I personally feel Mr. Petros Steriotis is a fully devoted Analyst who works hard a lot before committing any result. I really appreciate his work. This time too, I find he is absolutely right to define that NG in a Bullish Channel.. . Secondly, you are right too when you say $3.093 level will show in the chart in few days, because it is a technical necessity before creation of a strong bounce. The level you define to come once again will be a beginning of a strong up move. I personally feel that if the NG remains to move in the same narrow range during the week of April 24th, 2017, there will be formation of what I define as a "Diamond Zone" from where a strong up move will begin.. .
IN a bulling channel but you drawing your trend down lol, thats bearish
this is what a bullish channel it. It goes down but within an uptrend.
Did you mean in a bearish channel? The channel is down sloping. Generally we talk about support levels in down trend
bullish flag would have been a more accurate term to use
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