Wednesday, 2 November 2022
01:36 AM (WIB)
Natural Gas prices have been exiting from the Falling Wedge structure and falling from the Ascending Uptrend Channel.
It falls started from the Head & Shoulder Formation at the previous top of resistance.
The market looks so aggressive until the price falls from the ascending channel.
Where is the direction of this market now?
Why do they sell off until they break out from the Ascending trendlines?
So, they don’t care at all about the structure market.
Considering MACD and Stochastic RSI performance, there is still a possibility for the price to move to $4.5 but I prefer to buy at $5.3.
I see good bullish development from $6.5 to $5.3
01:36 AM (WIB)
Natural Gas prices have been exiting from the Falling Wedge structure and falling from the Ascending Uptrend Channel.
It falls started from the Head & Shoulder Formation at the previous top of resistance.
The market looks so aggressive until the price falls from the ascending channel.
Where is the direction of this market now?
Why do they sell off until they break out from the Ascending trendlines?
So, they don’t care at all about the structure market.
Considering MACD and Stochastic RSI performance, there is still a possibility for the price to move to $4.5 but I prefer to buy at $5.3.
I see good bullish development from $6.5 to $5.3