Natural Gas still coiling! breakdown or breakout?
Natural Gas is appraoching the apex of a wedge pattern.
The Apex is the very tip of the triangle where 2 trendlines meet.
Price will likely have to make a move by April 3 or sooner.
As for which way will price break is anyones guess, but probabliietes are slightly swaying lower.
Signs of accumulation are being observed in the resource stocks. So a bottom is typically approaching.
DBC EtF has broken out. Nat gas has a small weighting in there.
The Apex is the very tip of the triangle where 2 trendlines meet.
Price will likely have to make a move by April 3 or sooner.
As for which way will price break is anyones guess, but probabliietes are slightly swaying lower.
Signs of accumulation are being observed in the resource stocks. So a bottom is typically approaching.
DBC EtF has broken out. Nat gas has a small weighting in there.