Type: Bullish BounceKey Levels:Resistance: 9.060Pivot: 8.125Support: 7.195Preferred Case:On the H4, with prices moving above the ichimoku cloud and in an ascending trend channel, we have a bullish bias that price will rise from the pivot at 8.125 in line with the pullback support, 78.6% fibonacci projection and 61.8% fibonacci retracement to the 1st resistance at 9.060 where the pullback swing highs are.Alternative Scenario:Alternatively, price may reverse off the pivot and drop to the 1st support level at 7.195 at the overlap support.Fundamentals:Due to the proposed strikes in Norway, there are increased fears about inadequate supply, giving us a bullish bias on the price of natural gas .
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/e-mini-natural-gas-futures-qg1-h4-potential-for-bullish-rise"
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