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Strategies & Market Trends : Natural Resource Stocks
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From: isopatch2/7/2024 11:16:06 PM
4 Recommendations

Recommended By
goldworldnet
Mick Mørmøny
roguedolphin
tntpal

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A few NG Charts. Not pretty. OTOH, regular readers know I've been expecting a break under $2. Have to pay attention to pricing action if we're going to focus on when an important bottom is approaching or under construction. Right now, NG cash just broke to a new 3 yr. low. Next important support is further back on the 5 yr chart during the the sharp COVID sell off, Spring/Summer 2020

barchart.com

Worth noting the continuous contract point n' figure graph below shows downside target of $1.75. The same price area. So, expecting one of the classic price/volume bottoming patterns to develop once we're down there. The hotter than forecast Summer temperatures driving the next tradable rally. Remember folks, we're at the 11.8 yr Solar maximum, til late this year.

Iso .

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