Natural gas price provides negative signal– Analysis – 5-7-2022
Economies.com
2022-07-05 05:28AM UTC
Natural gas price provided negative signal by declining below 6.170, suffering some losses due to reaching 5.400, noting that the frequent negative stability below the broken support and stochastic negative momentum signals form major factors to reinforce the domination of the bearish bias, expecting to crawl towards 5.100 followed by reaching 23.6% Fibonacci correction level at 4.400.
The expected trading range for today is between 6.050 and 5.100
The expected trend for today: Bearish
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