Despite the weakness of latest natural gas trading, as the Stochastic slips below 50, the price is still holding within the ascending channel shown in the attached chart, with $3.750 forming as an important support, reinforcing the upward trend in the short and medium terms.
The price will likely gather momentum and rush towards $4.260, opening the door for more targets at $4.480 then $4.620.
Expected trading range today is between the $3.880 support and the $4.260 resistance.
Today’s price forecast: Bullish
Silver price rose in latest intraday trading, boosted by trading alongside the upward trend line, with ongoing positive pressure due to trading above the 50-candle SMA, coupled with positive signals from the Stochastic.
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Ethereum price fell in latest intraday trading, hurt by negative signals from the Stochastic after it reached overbought levels, with ongoing negative pressure due to trading below the 50-candle SMA, while the price moves alongside the main downward trend line in the short term.
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Bitcoin price managed to recoup early losses in the intraday levels, but still suffers from negative pressure due to trading below the 50-candle SMA, as a negative divergence forms in the Stochastic with negative signals emerging from it, amid the dominance of the main downward trend in the short term.
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