Natural gas price prepares to resume the decline – Analysis – 31-3-2023
Economies.com
2 months ago
Natural gas price has no escape from resuming he negative attack by consolidating within the bearish channel, in addition to the stability of the additional barrier 2.600, to notice forming new negative crawl recently and consolidate at 2.140.
Note that stochastic continuous attempt to provide the negative momentum will increase the chances of forming strong bearish waves in order to reach the first additional target at 1.750, followed by attempting to touch the historical support at 1.480.
The expected trading range for today is between 2.400 and 1.750
The expected trend for today: Bearish
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