Natural Gas Futures (NG1!) H4 I Potential Bearish Breakout
Type:
Bearish Breakout
Key Levels:
Resistance: 3.17
Pivot: 2.98
Support: 2.64
Preferred Case:
Looking at the H4 chart, the price could break through the pivot and fall toward the 1st Support at 2.64.
Alternative Scenario:
Price may reverse off the Pivot at 2.98 and rise toward the 1st Resistance at 3.17.
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Desmond Leong runs an award-winning research firm (The Technical Analyst finalists 2018/19/20 for Best FX and Equity Research) advising banks, brokers and hedge funds. Backed by a team of CFA, CMT, CFTe accredited traders, he takes on the market daily using a combination of technical and fundamental analysis.