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Natural gas price surrenders to stochastic negativity – Analysis – 21-12-2018
Natural gas price faced strong negative pressures recently due to stochastic release from the overbought areas, to be forced to break 4.040 support line and suffer clear losses by reaching 2.520.
The continuous negative pressures and the stability of the mentioned resistance allow us to expect the attempt to resume the negative attack, to target the key support 3.320, followed by monitoring its behavior due to the importance of this barrier to detect the next main trend.
Expected trading range for today is between 4.00 and 3.320
Expected trend for today: Bearish
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EURGBP prepares to the bullish attack – Analysis – 21-12-2018
The EURGBP pair provided clear positive close above 0.8980 recently, which formed an obstacle against the bullish attempts, hinting the preparation to form strong positive attack in the near term and medium term period, thus, the stability of the current support allows us to expect rallying towards 0.9080 level, while surpassing it will extend trades towards 0.9160 followed by 0.9300 levels.
MoreLitecoin price resumes rising – Analysis - 21-12-2018
Litecoin price shows calm positive trades to test 32.00, getting continuous positive support by the EMA50, waiting for more rise that targets 36.00 level mainly.
MoreRipple price within tight track – Analysis - 21-12-2018
Ripple price fluctuates within tight track and settles around 0.36, thus, no change to the overall bearish trend scenario that depends on the price stability below 0.42, which its next main target located at 0.24.
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