Natural gas price begins to decline – Analysis – 3-8-2022
Economies.com
2022-08-03 07:04AM UTC
Natural gas price confirmed its affection by the domination of the bearish bias, to notice forming strong bearish wave yesterday and approach 50% Fibonacci correction level at 7.610.
We remind you that the bearish track will remain valid as long as the additional barrier at 8.210 remains intact, in addition to the continuous negative momentum coming by stochastic, which increase the chances of breaking the current obstacle and reach new negative stations that might start at 7.330 and 7.050.
The expected trading range for today is between 7.900 and 7.330
The expected trend for today: Bearish
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