Natural gas price needs new positive momentum – Analysis – 13-10-2021

2021-10-13 05:00:19 GMT (Economies.com)
 

Natural gas price continued to provide negative pressures yesterday on the bullish channel’s support line at 5.330, to end trades by providing positive close above it, confirming keeping the bullish bias domination.

 

Note that it is important to rally above the moving average 55 at 5.500 to get rid of the additional barriers and start targeting the positive stations near 5.750 and 6.270.

 

The expected trading range for today is between 5.300 and 5.750

 

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.1292
0.0049
0.4339%
1.3338
-0.0068
0.5042%
Tadawul
11299.45
-68.73
0.60%
23.648
-0.839
3.428%
74.176
-1.674
2.207%
77.55
-4.71
5.73%
1808.835
-9.000
0.495%
 
 
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