Natural gas down trend continue

2021년 1월 3일

As you can see lower highs and lower lows are being made and rsi is being reset every time when at or near oversold condition. I’m calling for continue low... it has a little bit more room to go up before dropping again. Furthermore I believe it’s confirmed with the weekly rsi with plenty of room left before going oversold. Natural gas tends to hit oversold on the weekly which is usually a strong signal for a trend reversal. Conclusion I believed the trend is still trending lower with lower lows and lower high as evidence of rsi reset with weekly rsi still in a dow trend. Breaking above the last lower high would disapprove this.