Posted by johnny2012 on 23rd of Aug 2021 at 11:08 am
Natgas update. 1hr futures chart. Just my thoughts on it.
This last leg up has been on lighter volume and made a lower high
which fits within another potential diamond pattern forming. Money
flow is dropping as well. Just seems to be running out of steam.
Downside target initially is the 3.74 area and if the diamond plays
out would be a bounce up from that area to the 3.85 range and then
down to the 3.58 range. All speculation just wanted to share my
thoughts. If anyone has any input it's greatly
appreciated.
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Natgas update. 1hr futures chart.
Posted by johnny2012 on 23rd of Aug 2021 at 11:08 am
Natgas update. 1hr futures chart. Just my thoughts on it. This last leg up has been on lighter volume and made a lower high which fits within another potential diamond pattern forming. Money flow is dropping as well. Just seems to be running out of steam. Downside target initially is the 3.74 area and if the diamond plays out would be a bounce up from that area to the 3.85 range and then down to the 3.58 range. All speculation just wanted to share my thoughts. If anyone has any input it's greatly appreciated.