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Natural Gas awaits the negative momentum – Analysis – 29-3-2018
Natural gas price still lacks the negative momentum, to provide intraday positive trades and notice its approach to 2.800 barrier, while the upcoming scenario depends on the strength of the current barrier, to expect renewing the bearish attempts that target 2.550 mainly.
On the other hand, surpassing 2.800 will cancel the correctional bearish overview, while breaching it will push to surpass the moving average 55 and provide strong bullish attack to target 38.2% Fibonacci correction level at 3.050.
Expected trading range for today is between 2.800 and 2.550
Expected trend for today: Bearish
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EURNZD needs to surpass the barrier – Analysis – 29-3-2018
Despite the EURNZD pair’s fluctuation within the bullish channel recently, the initial resistance formed at 1.7170 forces the price to for intraday sideways trading as appears on the chart, while we will depend on the stability of 1.6975 initial support to wait to gather new positive momentum and manage to achieve the required breach followed by reaching our targets that start at 1.7255 followed by 1.7380.
MoreLitecoin price approaches the target – Analysis - 29-03-2018
Litecoin price resumes its negative trading to approach our waited target at 120.00, falling under continuous negative pressure coming by the EMA50, to support the chances of breaking the mentioned level and extend the bearish wave to target the previously recorded low at 89.02 as a next station.
MoreRipple price breaks the support – Analysis - 29-03-2018
Ripple price begins the breaking process to 0.56 level by today’s opening, to move below this level now, which supports the continuation of our bearish overview efficiently in the upcoming period, supported by the negative pressure formed by the EMA50, paving the way to head towards our next target at 0.41.
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