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Attached is a chart of the April Gas. The Gann square is 9 dollars down from the high and 90 days out. That makes it a valid square. The 2 red diagonal lines happen to intersect at the 50% TIME line and the 50% PRICE line 7.18. . That area is important and can be the site of a volatile turn around. I would hold to that theory unless and untill prices decisively break and close below 7.16. Should that occur, it would open the path down to 4.92. If, on the other hand prices succeed in holding that level, There will remain the possibility of a rally towards 9.42.
JbG
Articolo di Sandro Mancini.
L’autore del presente articolo è iscritto all’Ordine dei Giornalisti e non detiene gli strumenti oggetto delle sue analisi.
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