Hello traders, #NG / Gas / GASUSD
Saturday's technical analysis of the pair on a 15-minute chart. Here, the price at the level of 4.85 probably hit the timeframe maximum and is starting to correct downwards from there. A very large red zone has formed on the chart, which the price will be working through. The price may fully work through the red zone and correct downwards to test support levels: the moving average (MA) - the blue line at 4.60, the red line at 4.55, and the black line at 4.50. The price may break below the black MA level and head towards testing the current minimum, which is drawn around 4.30 or slightly lower. The oscillator indicates that the price is overbought, it is working through the maximum. It will finish working in the overbought positive zone and move downwards.
