I was going to give up... this week ...
on the Nat Gas reverse head and shoulder pattern.
But as I was always looking at this pattern in weekly mode, I decide to wait and see this week action & close.
Considering this week pull testing low 2.61$ as a possible leg down and turnaround signal.
For this we need to see a close at or above the 2.70$ line…
So if we do close above this line…
I do expect more upside for Nat Gas in coming weeks…
About ZED wouldn’t be surprise to see a close near the .71¢ to .70¢ line .
Actually testing the EMA50 line.. on low volume...
will we see ZED holding and moving positively in coming time …
Still into the 70¢ to 80¢ trading range …
But dealing more with the low since little while…
We never breach the 80¢ line. just flirting with it... not enough.
now let see if will be holding the 70¢ low…
Below would send a negative signal … may test but need to hold above this EMA50 line (closing weekly above)…
Just my TA opinion here Dyodd!
Fratzy!
https://stockcharts.com/h-sc/ui?s=$NATGAS&p=W&yr=0&mn=3&dy=0&id=p66422712513
https://stockcharts.com/h-sc/ui?s=ZED.V&p=W&yr=0&mn=6&dy=0&id=p49843821048
