Natural gas price prepares for new decline – Analysis – 20-3-2023

Economies.com
2023-03-20 05:43AM UTC

Natural gas price faced new negative pressures recently caused by stochastic, to force it to renew the pressure on 2.400 support line and postpone the correctional bullish rebound for now.

 

Note that succeeding to break the current support and holding below it will force it to suffer additional losses that might start by targeting 2.000 followed by extending losses towards 1.550, to form the next main target for the current trades.

 

The expected trading range for today is between 2.750 and 2.000

 

The expected trend for today: Bearish

Commodities News

Gold News

Commodities

Gold under pressure ahead of US jobs data
2024-05-03 08:37AM UTC
Gold prices fell in European trade on Friday, extending losses for the second straight session and ...
Gold News

Commodities

Gold gains ground as dollar dips while traders digest Fed's decisions
2024-05-02 18:30PM UTC
Gold prices rose on Thursday as the dollar fell against most major rivals, while investors digest ...
Oil News

Commodities

Oil prices try to recover from seven-week lows
2024-05-02 13:05PM UTC
Global oil prices rose in European trade on Thursday for the first time in five sessions away from ...

Commodities Technical Analysis

Platinum Analysis

Commodities

Platinum price moves slowly – Forecast today – 3-5-2024
2024-05-03 07:02AM UTC
Scenarios Scenario 1: Slow Positive Attempts Despite positive factors, platinum price sees slow ...
Copper Analysis

Commodities

Copper price under the negative pressure – Forecast today – 3-5-2024
2024-05-03 07:00AM UTC
Scenarios Scenario 1: Continuous Negative Pressure Copper price affected by stochastic exit ...
Technical Analysis

Commodities

Wheat price is recovering – Forecast today - 03-05-2024
2024-05-03 03:37AM UTC
Wheat Price Analysis Wheat price bounced clearly upwards after the 597.10$ level formed solid ...