Identifying an intriguing chart setup in NATGAS: Since mid-October, the price has experienced a decline of approximately 22%. Examining the broader chart perspective, the correction has, so far, only retraced 50% of the upward movement since April 2023.
The On-Balance Volume (OBV) indicates a clear hidden bullish divergence. Consequently, we anticipate an imminent rise in natural gas prices.
A realistic target range is around 4,000 or higher.
It is important to note that this is a longer-term trading idea.
The On-Balance Volume (OBV) indicates a clear hidden bullish divergence. Consequently, we anticipate an imminent rise in natural gas prices.
A realistic target range is around 4,000 or higher.
It is important to note that this is a longer-term trading idea.