Public Post: Energy Charts of the Day
WTIC– Another slow motion sideways move, but this looks like a Bull Flag that wants to break higher. Will it before the FED Decision? Maybe.
NATGAS has been sideways for months. It tightened up that sideways move over the last 2 weeks. I did see signs of life yesterday, but the overhead resistance is still in the way. We hit the 50sma and the B.B. , so we’ll see if it can burst higher and finally put in a rally or not. After this much consolidation, a directional move could be significant.