Natural gas price begins the bullish correction – Analysis – 19-5-2023

Economies.com
2023-05-19 07:14AM UTC

Natural gas price provided correctional bullish rally yesterday by surpassing the additional barrier at 2.500, hinting postponing the negative attack and noticing achieving some gains by moving towards 2.650, expecting to renew the correctional bullish attempts due to stochastic positive momentum signals, to target 2.900 followed by reaching the main bearish channel’s resistance at 3.200.

 

The expected trading range for today is between 2.400 and 2.900

 

The expected trend for today: Bullish

Commodities News

Silver News

Commodities

Silver about to trade above $30 once more for first time in 3 years
2024-05-17 11:54AM UTC
Silver prices rose in European trade on Friday, resuming gains and approaching $30 an ounce for the ...
Gold News

Commodities

Gold hovers near four-week high ahead of Christopher Waller's remarks
2024-05-17 09:13AM UTC
Gold prices rose in European trade on Friday, resuming gains and approaching four-week highs, and ...
Gold News

Commodities

Gold about to trade above $2400
2024-05-16 09:55AM UTC
Gold prices rose in European trade on Thursday, extending gains for the third straight session and ...

Commodities Technical Analysis

Gold Analysis

Commodities

Update: Gold price surpasses the first target
2024-05-17 15:23PM UTC
Gold price succeeded to achieve our first target at 2400.00$ and breached it to confirm the ...
Brent oil Analysis

Commodities

Brent oil price forecast update 17-05-2024
2024-05-17 09:10AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price hovers around the EMA50 that ...
Oil Analysis

Commodities

Crude oil price forecast update 17-05-2024
2024-05-17 09:10AM UTC
Crude Oil Price Analysis Expected Scenario Crude oil price shows slight negative trades ...