Natural gas and a possible mega-bullish formation (Aug. 17, 2022)

It is hard to counter the Natural Gas trend as a bullish, inverted head and shoulders formation is about to be tested on the daily chart. Roughly speaking, trading above $10 would convince even the biggest naysayers that this market has ways to go. In contrast, a swift return of the sellers -liquidating buyers or new shorts, it doesn’t really matter- at these levels would break this “turned red hot” energy market.

Disclaimer> This post is purely informational. It does not constitute a trading or investment advice. Financial markets are inherently risky. Honor your risk management decisions that solely you are responsible for!