namv2008

Natural gas bearish soon?

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NYMEX:NGH2021   Henry Hub Natural Gas Futures (Mar 2021)
Trend line on rsi showing it’s hitting resistance couple with ng hitting the apex on the last run with a down turn that is inline with the previous lower highs. It did not take out the previous lower high and makes this a good opportunity to see if a short in play. The bullish divergence on the daily may have explain the massive run up from the 2.24 from two weeks ago but hitting a major resistance here ... 2.75 needs to break and daily rsi is about to run into overbought soon albeit weekly got plenty of bull left but I don’t think it’s time for ng to run up yet
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