Thursday, January 8, 2015

Natural gas… contracting ending diagonal

The 15min chart above of natural gas looks to be a textbook contracting ending diagonal that could get a throw over of the lower trendline and then a reversal back towards the minimum of 3.20-3.50 area for a w4 before the next slide could resume. 
Orders to buy at 2.76-2.80
The lower chart is the hourly chart and the connecting trendlines are connecting 1 and 3 on the bottom and 2 and 4 on the top… 


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