Natural gas price achieves new gains – Analysis – 5-5-2022
Economies.com
2022-05-05 07:47AM UTC
Natural gas price confirmed its affection by the domination of the bullish bias by surpassing 50% Fibonacci correction level at 7.570, to notice achieving clear gains by moving towards 8.660.
We expect to form temporary sideways fluctuation until gathering the additional positive momentum and ease the mission of pressing on 9.050 obstacle, while surpassing it will push the price to record new targets that might start at 9.550.
The expected trading range for today is between 8.200 and 9.050
The expected trend for today: Bullish
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