Natural gas price begins to decline – Analysis – 8-8-2022

Economies.com
1 year ago

Natural gas price surrendered to the domination of the bearish bias, to notice crawling below 8.110 level recently and suffer some losses by reaching 7.820, noticing stochastic crawl below 50 to increase the negative pressures and allow us to suggest more negative attempts that target 7.550 level initially, while breaking this obstacle will push the price towards 7.050 as a next negative target.

 

The expected trading range for today is between 8.100 and 7.550

Advertistment

 

The expected trend for today: Bearish

Commodities News

Oil News

Commodities

Oil prices sharpen decline to two-week trough on interest rate concerns
11 hours ago
Oil prices fell in European trade on Tuesday for the second session, plumbing a two-week trough ...
Gold News

Commodities

Gold declines to two-week trough as US yields power up
16 hours ago
Gold prices fell in European trade for the second session, plumbing a two-week trough and almost ...
Gold News

Commodities

Gold declines as dollar gains ground, while US treasury yields spike
1 day ago
Gold prices fell on Monday as the dollar gained ground against most major rivals while US treasury ...

Commodities Technical Analysis

Oil Analysis

Commodities

Evening update for Crude oil price 26-09-2023
7 hours ago
Crude oil price rallied upwards strongly to breach 89.35 level and reach the most important ...
Brent oil Analysis

Commodities

Midday update for Brent oil 26-09-2023
15 hours ago
Brent oil price achieved a clear break to 92.74 level and closed the last four hours candlestick ...
Oil Analysis

Commodities

Midday update for Crude oil 26-09-2023
15 hours ago
Crude oil price achieved an initial break to 89.35 level and attempts to settle below it, which ...