Natural Gas price repeats the negative closings – Analysis – 27-3-2019
Economies.com
2019-03-27 07:44AM UTC
Despite Natural gas price forming weak sideways trading recently, its frequent stability below 2.970 resistance confirms surrendering to the domination of the bearish bias, while stochastic attempt to provide the negative momentum allows us to expect moving towards the first negative target at 2.510, and breaking this level will increase the chances to reach the key support at 1.520.
Also, note that the stability of the moving average 55 above the current resistance confirms blocking the price within the bearish range, to increase the chances of gathering the additional negative momentum until achieving the mentioned targets.
The expected trading range for today is between 2.885 and 2.510
The expected trend for today: Bearish
Commodities News
Commodities
Gold declines to two-week lows
2024-04-23 20:50PM UTC
Gold prices fell on Tuesday even as the dollar fell against most major rivals ahead of important ...
Commodities
Oil prices hover at three-week lows as global supply concerns fade
2024-04-23 13:04PM UTC
Global oil prices fell in European trade on Tuesday on track for the second loss, almost touching ...
Commodities
Gold rushes above $2400 as Israel attacks Iran
2024-04-19 07:41AM UTC
Gold prices rose in European trade on Friday, extending gains for a second day and trading above ...
Commodities Technical Analysis
Commodities
Natural gas price confirms the positivity – Forecast today – 24-4-2024
2024-04-24 05:43AM UTC
Natural Gas Price Analysis Expected Scenario Natural gas price provided new positive ...
Commodities
Platinum price suffers additional losses – Forecast today – 24-4-2024
2024-04-24 05:34AM UTC
Suggested Scenarios and Trading Range Analysis Scenario: Potential Reversal to Bullish ...
Commodities
Copper price provides mixed trades – Forecast today – 24-4-2024
2024-04-24 05:33AM UTC
Suggested Scenarios and Trading Range Analysis Scenario 1: Continuation of Bearish ...