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

2022-08-08 05:37:47 GMT (Economies.com)
 

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

 

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
0.9688
0.0033
0.3423%
1.0805
-0.0015
0.1359%
18.843
-0.015
0.082%
82.096
2.802
3.534%
89.32
3.00
3.48%
1656.015
10.655
0.648%
 
 
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