NATURAL GAS: Outlook (Daily Chart)

16 Sep 2019

hey traders,

very interesting market sentiment on natural gas.
the market has recently broken above a key falling channel,
and we see a very nice bullish rally.

one more thing, that I have noticed is that
after a breakout there was no pullback.
buyers are just pushing the market higher,
and now gas is approaching significant supply zone looking left at structure.

there is a high chance to see a pullback from this zone following overbought rsi on daily,
and divergence on lower timeframes.
so, those who want to jump in and long the market, think twice and wait for a better entry after a pullback.