Natural Gas Futures ( QG1! ), H4 Potential for Bullish Momentum
Type: Bullish Momentum
Resistance: 7.520
Pivot: 6.900
Support: 6.310
Preferred Case: The H4 price is in a slightly ascending trend. The price may rise form the pivot at 6.900 to the 1st resistance 7.520, where the 38.2% Fibonacci and 78.6% projection.
Alternative scenario: If there is a price reversal, price will move to 6.310 where the 78.6% retracement and swing low sits
Fundamentals: There are no major news.
Resistance: 7.520
Pivot: 6.900
Support: 6.310
Preferred Case: The H4 price is in a slightly ascending trend. The price may rise form the pivot at 6.900 to the 1st resistance 7.520, where the 38.2% Fibonacci and 78.6% projection.
Alternative scenario: If there is a price reversal, price will move to 6.310 where the 78.6% retracement and swing low sits
Fundamentals: There are no major news.
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