Natural gas price touches the support – Analysis – 12-10-2021
Economies.com
2021-10-12 04:59AM UTC
Natural gas price lost the positive momentum yesterday to form temporary negative rebound and touch the minor bullish channel’s support line at 5.300, holding above it, thus, we will keep our bullish overview for the upcoming period, expecting to gather the positive momentum and start the bullish attack to target 5.750 and 5.950 levels.
On the other hand, facing new negative pressures and breaking the current bullish channel’s support line will force it to start the correctional bearish track, to suffer some losses by moving towards 5.070 followed by reaching the next support at 4.885.
The expected trading range for today is between 5.300 and 5.750
The expected trend for today: Bullish
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