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Natural Gas: Possible Mega-Bullish Formation

By Petros SteriotisCommoditiesAug 17, 2022 04:13AM ET
www.investing.com/analysis/natural-gas-possible-megabullish-formation-200628616
Natural Gas: Possible Mega-Bullish Formation
By Petros Steriotis   |  Aug 17, 2022 04:13AM ET
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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
Natural Gas Daily Chart

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Natural Gas: Possible Mega-Bullish Formation
 

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Natural Gas: Possible Mega-Bullish Formation

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Comments (3)
Disappointed Child
Disappointed Child Aug 17, 2022 8:21AM ET
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Claiming that this is bullish rather than blatant insitiutional manipulation is insulting to our intelligence, frankly.
Jake Lee
Jake Lee Aug 17, 2022 7:43AM ET
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When analysts saying bull that's the time to sell
Lucky Man
Lucky Man Aug 17, 2022 7:06AM ET
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its very clear CUP and Handle formation completed..next is either up or down....not inverted H & S...
Petros Steriotis
Petros Steriotis Aug 17, 2022 7:06AM ET
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maybe you are right, thanks
 
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