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$.
Trend Forecast
Neutral
Commodities News
Commodities
Oil prices regain ground after US inventory drawdown
2024-05-09 14:50PM UTC
Oil prices rose in American trade on Thursday on track for the second profit in a row away from ...
Commodities
Gold gains cautious ground ahead of US data
2024-05-09 09:49AM UTC
Gold prices rose in European trade on Thursday for the first time in three days amid active buying ...
Commodities
Why's Germany choosing natural gas instead of nuclear power?
2024-05-08 19:47PM UTC
The world is witnessing a renaissance of nuclear power, which has sent uranium prices soaring in ...
Commodities Technical Analysis
Commodities
Brent oil price forecast update 09-05-2024
2024-05-09 09:35AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price is testing 84.77$ level and ...
Commodities
Crude oil price forecast update 09-05-2024
2024-05-09 09:35AM UTC
Crude Oil Price Analysis Expected Scenario Crude oil price trades with clear positivity ...
Commodities
Silver price forecast update 09-05-2024
2024-05-09 09:34AM UTC
Silver Price Analysis Expected Scenario Silver price trades positively to touch our first ...