Sideways action for now

25 Feb 2021

#NaturalGas: Conflicting bias between the different TFs may have price moving sideways. The 4hr & weekly are bullish while the daily is bearish, so the preferred bias is bullish especially since the price pattern on the weekly is suggesting a bullish move to come. The $2.73 level has many stops below and a break of that level will give the bears the strength to go further and test the $2.55 zone. While price sits within the range above $2.40, buying on dips is the plan.