Wednesday, June 8, 2016

Natural Gas trading - 8th Jun


Daily support/resistance for today: 2.473, 2.45
Pivot: 2.464, 2.462

Possible H&S spotted in 5min TF

Consolidation could happen between 2.473 - 2.45 if bears manage to push it below 2.473

3 comments:

  1. Too bad the h&s did not appear. but when I look at the candle in 4hr, graveyard, hanging man and doji. seems like it is going to go down soon

    ReplyDelete
  2. Bearish news: http://www.bloomberg.com/news/articles/2016-06-08/iea-cuts-gas-demand-outlook-again-as-glut-seen-to-end-of-decade

    ReplyDelete
  3. the tape is suggesting down. the pivot seems to be the resistance now. down it should go

    ReplyDelete