Natural Gas attempts to regain the bearish bias – Analysis – 22-9-2017
Economies.com
2017-09-22 07:09AM UTC
Natural gas price did not hold above 3.050 support to be affected by stochastic negativity and start forming new negative trading by reaching 2.970, while getting daily close below the current support confirms regaining the bearish bias, to expect moving towards 2.750 followed by reaching 61.8% Fibonacci correction level at 2.500.
To avoid any losses that might be caused by the mixed trading, we recommend staying aside today and wait the next daily close to manage to confirm the next main trend.
Expected trading range for today is between 2.875 and 3.200
Expected trend for today: Neutral
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