Natural gas price touches the support – Analysis – 7-12-2022
Economies.com
2022-12-07 05:46AM UTC
Natural gas price ended its negative attack by touching 5.350 support line that formed the waited target in our previous report, while the price rebound towards 5.600 hints its surrender to the strength of the support line, to expect renewing the correctional bullish attempts in order to reach 6.200 followed by pressing on 6.550 resistance.
The above chart shows that stochastic provides the positive momentum, to increase the chances of the correctional bullish track efficiency and wait to achieve the suggested targets.
The expected trading range for today is between 5.400 and 5.900
The expected trend for today: Bullish
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