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Natural Gas needs to confirm the break – Analysis – 20-10-2017
Natural gas price provided new negative trading yesterday by declining below the sideways range support at 2.880, but the quick rebound above this support allows us to continue with our neutrality for today, as we prefer to wait to get four hours' candlestick below the current support to confirm the preparation to build new bearish bias followed by starting to record the main negative targets that start at 2.750 followed by 2.500.
We remind you that the support line stability against the current negativity will renew the sideways bias domination, to force the price to show more sideways trading with chances of reaching the moving average 55 around 3.000.
Expected trading range for today is between 3.00 and 2.750
Expected trend for today: Neutral
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CADCHF gathers its positive strength – Analysis – 20-10-2017
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