NATURALGAS It could be the jackpot if NG take support from here. As per technical analysis downtrend is confirm only below 3.29, if it bounces back, it makes a high of this month with in 2 or 3 days
NATURALGAS not looking for a support till price reaches 3.17 and even that might be precarious, looks like there's a shift of momentum on the daily, and this might not be just a correction but further downwards move is probable, the next support (bullish orderblock) is at 3.21-3.16 and another at 3.07-3.00. Given that momentum shifted on the daily, I wouldn't be surprised if price slides down to 3.00 before the next rally. I'm keeping an eye if price bounces with volume either from 3.21 or 3.05 for a possible long entry. Until then, I'll see if I can scalp the tops. Good luck everyone! PS: From left to right charts 1w, 1d, 4h, 1h, 15m.
NATURALGAS idk the gaps too big, the bear candle spread is too sharp but no volume. The imbalance is still there (1st Jun- 3rd jul) so the bull run still remains. last weeks volume profile shows shows a revisit to $3.6 again as we have couple of bear OB so lots of stop hunt sits above it with big pool of liq around $3.7. After all we have ChoCH as its breaking fvg one aft another. we want at least 0.6 fib retracement for short. Psychologically we all are thinking its a reversal after testing 200EMA on 4h but last weeks equal top doesn't sit well with me unless the POI is broken