Natural Gas attempts to regain the bullish bias – Analysis – 29-3-2017
Economies.com
2017-03-29 08:49AM UTC
Natural gas price managed to provide new bullish rally yesterday to surpass 3.150 and settles again within the bullish channel that appears on chart, which reinforces the continuation of the positivity for the upcoming period, expecting to move towards 3.300 level, reminding you that breaching this level will open the way to record more targets that start at 3.550 followed by 3.900.
The consolidation of the moving average 55 below the current price confirms blocking the price within the bullish range, to agree with stochastic reach to 80 level, providing the required positive momentum to resume the bullish attack and achieve the expected targets.
Expected trading range for today is between 3.100 and 2.550
Expected trend for today: Bullish
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