Advertisements

Natural Gas Price Tests Crucial Barrier

by Jennifer

Natural gas price exhibited a corrective bullish wave in the previous session, testing the neckline of the head and shoulders pattern at 3.100. The price currently resides below this level, reaffirming the influence of the prevailing bearish bias. The outlook anticipates a resumption of the bearish trend, targeting key support levels. The initial focus is on reaching the 2.800 support line, and a breach of this level is likely to intensify the bearish momentum.

Today’s projected trading range is poised between 3.100 (resistance) and 2.800 (support).

Advertisements

Today’s Trend Projection: Bearish

Advertisements

You May Also Like

blank

Futuresstocktrading.com is a comprehensive futures information portal. Whether you’re a novice or seasoned trader, find futures news, futures market, futures trading tips, and futures basic knowledge to enhance your trading prowess and financial success.

[Contact us: [email protected]]

© 2023 Copyright  Futuresstocktrading.com – Futures Market, Investment, Trading & News