Natural gas faces key barrier – Analysis – 14-8-2020
Economies.com
2020-08-14 07:27AM UTC
Natural gas price started to form strong positive trades after succeeding to surpass the bearish channel’s resistance at 1.980, to form good support against the bullish trades, noticing that the price faces solid barrier at 2.280 to postpone the bullish attack and form some sideways fluctuation as appears on the chart.
The price needs to gather the additional positive momentum to manage to surpass the mentioned barrier and open the way to reach the additional positive stations that start at 2.480 and 2.780 levels.
The expected trading range for today is between 2.100 and 2.480
The expected trend for today: Bullish
Commodities News
Commodities
Gold tumbles to one-month lows but still logs in monthly profit
2024-04-30 20:41PM UTC
Gold prices fell on Tuesday as the dollar rose against most major rivals, but the precious metal ...
Commodities
Oil prices extend losses, with Brent plumbing five-week lows
2024-04-30 14:59PM UTC
Oil prices fell in American trade on Tuesday, extending losses for the third straight session, with ...
Commodities
Gold logs in first weekly loss in five weeks
2024-04-26 18:34PM UTC
Gold prices rose on Friday, shrugging off a surge by the dollar index following upbeat data, ...
Commodities Technical Analysis
Commodities
Brent oil price forecast update 02-05-2024
2024-05-02 09:06AM UTC
Brent Oil Trading Report Brent oil price is testing 84.77$ level and attempts to consolidate ...
Commodities
Crude oil price forecast update 02-05-2024
2024-05-02 09:06AM UTC
Crude Oil Trading Report Crude oil price shows positive trades and attempts to breach 79.60$, ...
Commodities
Silver price forecast update 02-05-2024
2024-05-02 09:06AM UTC
Silver Trading Report Silver price continues to decline to move below the neckline of the double ...