Natural gas price has continued to post negative closes below the resistance level at $3.520, confirming its commitment to the previously suggested bearish path. The price is currently fluctuating below the 55-period moving average, which is acting as an additional resistance barrier, positioned at $3.320.
by the above image, we notice providing negative momentum by Stochastic moving below 80 level, increasing the chances of the price forming new bearish waves. This could push the price toward the $2.920 level, and a break below it may allow it reach toward the stable support at $2.620.
The expected trading range for today is between $2.920 and $3.350
Trend forecast: Bearish
Thanks for your feedback.
The pair’s price has continued to post positive closes above the support level located at 184.20, preventing attempts to shift toward a bearish path. It rebounded immediately afterward and is currently stabilizing near the 185.20 level.
MoreThe pair’s price touched the 212.45 level during Friday’s trading before beginning to form a positive rebound due to the continued conflict between the main indicators. It is currently stabilizing near the broken support level represented by 213.50.
MorePlatinum price returned to stabilize near the $1,655.00 level, affected by the negative pressures represented by the formation of the $1,780.00 level as an additional strong resistance barrier, along with the main indicators providing negative momentum during the recent period.
More