Natural gas price still negative – Analysis – 16-7-2020
Economies.com
2020-07-16 05:37AM UTC
Despite Natural gas price forming positive rebound recently, its stability within the bearish channel along with the continuous moving average 55 forming additional barrier at 1.887 support the negative overview for the near term and medium term period.
In addition, we notice stochastic approach to 80 level, to confirm getting rid of the positive pressures and start gathering the negative momentum to ease the mission of reaching the main targets at 1.500 and 1.353.
The expected trading range for today is between 1.880 and 1.500
The expected trend for today: Bearish
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