Natural gas price faces solid support – Forecast today – 28-3-2024
Economies.com
2024-03-28 05:37AM UTC
Natural Gas Price Analysis and Forecast
Expected Scenarios
- Faced solid historical support at 1.540$ yesterday.
- Formed strong positive rebound and tested 2.000$ barrier.
- Turned back to fluctuate negatively below 1.810$.
- Contradiction between major indicators.
This increases the efficiency of the sideways track, expecting continuous fluctuation between the mentioned major levels. Stay neutral until surpassing one of these levels to manage to confirm the next expected trend.
Trading Range Forecast
The expected trading range for today is between 1.820$ and 1.550$.
Trend Forecast
Neutral
Commodities News
Commodities
Gold driven lower by dollar's strength
2024-05-07 19:25PM UTC
Gold prices fell on Tuesday as the dollar rose against most major rivals, amid ongoing uncertainty ...
Commodities
Brent climbs 1.25% after Saudi crude price hike
2024-05-06 14:34PM UTC
International benchmark Brent rose 1.25% in the early American trade on track for the first profit ...
Commodities
Gold recovers as dollar loses ground
2024-05-06 09:32AM UTC
Gold prices rose in European trade on Monday for the first session in three days away from ...
Commodities Technical Analysis
Commodities
Brent oil price forecast update 08-05-2024
2024-05-08 09:36AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price succeeded to touch our waited ...
Commodities
Crude oil price forecast update 08-05-2024
2024-05-08 09:36AM UTC
Crude Oil Price Analysis Expected Scenario Crude oil price trades with clear negativity ...
Commodities
Silver price forecast update 08-05-2024
2024-05-08 09:36AM UTC
Silver Price Analysis Expected Scenario Silver price trades negatively now to approach ...