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NatGas 1hr Signal shows a counter trend buy ..

#ung $natgas $boil $kold

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#1 Mr Dev

Mr Dev


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Posted 18 September 2023 - 02:17 AM

On Sept 14th #NatGas fell below the key level of support at our blue "Water line".

$Ung $Boil

Knowing Natgas is still building a longer-term base it was a good signal going into Friday when price moved even lower.

That low built a small Positive Divergence and from there our Natgas 1hr Chart Oscillator has turned up & is green with price headed to test our trend resistance at the Blue line.

I categorize this as a Counter-Trend Buy signal until price is back above the 1hr blue line.

.. .. ..
Mr Dev

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