NATURAL GAS has made a very strong bull run in the past few months, the current price is forming an AB=CD pattern (Bearish) on this Weekly Chart. Of Course, we have to say that the price might go higher. However, we need to take note that it is a strong opportunity to sell (PRZ) Watch out for rejection at this level to finding good risk-reward for trend reversal entries as well.
Hey buddy, thinking of another few months of bull run if FED admits inflation may not as transitional as they initial thought. With price of housing going through the roof again I am afraid we may look at another 2008 situation. Reports have pointed out the extra money printing for covid aid has merely helped corporation to stay afloat. Look at the NASDAQ, this trend can no much longer persist. Commodity prices have gone ballistic since the start of the pandemic, with Oil heading all of it, as the most traded on our planet..
MANOLIS
⋅
@Deep-Peat-Shark, Hello Mate thank you very much for your comment, I really appreciated it.
Anyway, I'm looking for a correction now. I have also another long-term Bullish EW count.
Thank you.. Have a good day