Natural Gas Bottoming Pattern
Like what I see here on Natural Gas. A nice downtrend with then a bottoming pattern at a support/flip zone.
You can call it an inverse head and shoulders or triple bottom, but what it shows us is that lower highs are now turning into higher lows. A trend shift.
We have had a nice break of the flip zone or neckline marked in blue. Target is 2.50-55 zone.
On a fundamental note, Natural Gas does of course show some seasonality. Winter time is when Natural Gas tends to go higher.
I believe the world is getting more colder with winters lingering longer than before. We saw this when it came time to planting crops in the East. Winter lingered longer.
Perhaps we are seeing this rush of cold weather approaching earlier than before.
You can call it an inverse head and shoulders or triple bottom, but what it shows us is that lower highs are now turning into higher lows. A trend shift.
We have had a nice break of the flip zone or neckline marked in blue. Target is 2.50-55 zone.
On a fundamental note, Natural Gas does of course show some seasonality. Winter time is when Natural Gas tends to go higher.
I believe the world is getting more colder with winters lingering longer than before. We saw this when it came time to planting crops in the East. Winter lingered longer.
Perhaps we are seeing this rush of cold weather approaching earlier than before.
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