Natural Gas In A Cup With Handle Formation?

 

natgas_cup

(Chart courtesy of StockCharts.com)

 

Natural Gas seems to have formed a “cup with a handle” pattern over the last few months,though it is still early to tell.If this is indeed the case and we do see a breakdown,it could signal a bullish trend that will drive the price to the 5.7-5.8$ mark.RSI is at 58, while MACD is again turning positive,potentially supporting such a scenario.

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This entry was posted in Markets.

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