Jun. 21 at 8:57 PM
$NG has stayed under pressure since the bearish reversal candle at the end of April, and price action hasn’t really changed that underlying tone. What looks like a broad bull flag is still developing, but it hasn’t confirmed anything yet. Last week’s shooting star at resistance was a clear rejection, and the close back below the 50 EMA keeps short-term momentum tilted lower. This is still a “wait and watch” environment rather than a clean long setup. Either a confirmed breakout from the flag or a strong bullish reversal at support is needed before thinking about fresh entries.
