Natural Gas price prepares for new decline – Analysis – 24-6-2019
Economies.com
2019-06-24 07:42AM UTC
Natural gas price formed new bearish wave recently to press on 2.220 level that formed additional support line against the recent negative trades, while the price faced strong negative pressures by the consolidation of the moving average 55 above the initial resistance at 2.760, while stochastic reach towards the oversold areas allows us to expect breaking the current barrier to resume its negative attack and target 1.910 followed by 1.600 levels in the medium term period.
The expected trading range for today is between 2.310 and 1.910
The expected trend for today: Bearish
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