XNGUSD Chart Technical Outlook

XNGUSD Chart Technical Outlook Natural Gas prints a last leg to the downside, caution is advised

Natural Gas prints the final leg in a bearish cycle. Prices are oversold, showing bullish divergence in intraday charts. The current levels don’t offer a value setup for bulls, and the bottom is not confirmed yet. My bias is neutral, with fading rallies being more appropriate.

Resistances: $2.25, $2.35
Supports: $2.00, $1.85

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