I mentioned that /NG natural gas futures would be rolling from the Nov contract to the Dec and would follow up with a chart for the now current December futures (volume has now surpassed the Nov as traders continue to roll). I’ve decided to keep this one simply with just 2 price targets at this time, T1 just shy of the 6.062 resistance & T2 just shy of the 6.644 resistance on this 120-minute chart, with /NG making an impulsive breakout above this most recent bullish falling wedge pattern today.
NG 120m Oct 24th
On the weekly time frame, $NATGAS made a momentum-fueled overshoot of the primary uptrend line but closed the week on the key 5ish support with the case for a rally still intact for a reflexive bounce off that level.
$NATGAS weekly Oct 24th