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Natural Gas: Possible Mega-Bullish Formation

Published 08/17/2022, 04:13 AM
Updated 02/01/2024, 03:34 AM

It is hard to counter the natural gas trend as a bullish, inverted head and shoulders formation is about to be tested on the daily chart. Roughly speaking, trading above $10 would convince even the biggest naysayers that this market has ways to go. In contrast, a swift return of the sellers -liquidating buyers or new shorts, it doesn’t really matter- at these levels would break this “turned red hot” energy market.

Natural Gas Daily Chart

Original Post

Latest comments

Claiming that this is bullish rather than blatant insitiutional manipulation is insulting to our intelligence, frankly.
When analysts saying bull that's the time to sell
its very clear CUP and Handle formation completed..next is either up or down....not inverted H & S...
maybe you are right, thanks
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