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Natural gas price declines below the support – Analysis – 18-3-2021
Natural gas price didn’t succeed to resist the negative pressures, to notice crawling below the minor bullish channel’s support line at 2.610, to move to the bearish track again near 2.5000.
Therefore, we will start suggesting the domination of the bearish bias as long as 2.610 forms solid barrier against the current trade, to expect gathering the additional negative momentum to reach 2.280 level direct, while surpassing it might extend losses towards 2.060.
The expected trading range for today is between 2.610 and 2.280
The expected trend for today: Bearish
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