Natural gas price fluctuates below the resistance – Analysis – 2-8-2022

Economies.com
2022-08-02 06:48AM UTC

Natural gas price approached the first negative target at 7.610, to rebound towards 8.210 in order to gather the required additional negative momentum to resume the previously suggested correctional bearish attack.

 

We remind you that the frequent stability below 9.100 resistance supports the domination of the previously suggested bearish bias, allowing us to wait to gather the negative momentum to ease the mission of pressing on 7.610 level, while breaking it might extend trades towards 7.330 and 7.050 levels.

 

Advertistment

The expected trading range for today is between 8.400 and 7.610

 

The expected trend for today: Bearish

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