Natural Gas settles within the correctional bearish range – Analysis – 19-3-2018

Economies.com
2018-03-19 07:45AM UTC

Natural gas price hinted its surrender to the correctional bearish bias domination by providing new negative close below 2.8000 level, thus, we expect the price to prepare to form new negative trades to manage to reach 2.550 level that represents the extension of the key support that appears on the chart.

 

Stochastic attempt to reach the oversold areas supports our bearish overview by providing additional negative momentum to ease the attempt to reach our target.

 

Expected trading range for today is between 2.800 and 2.550

 

Expected trend for today: Bearish

Commodities News

Gold News

Commodities

Gold scales fresh record highs and marks weekly gains
2024-05-17 21:03PM UTC
Gold prices rose on Friday and scaled fresh record highs, marking the second weekly profit in a ...
Silver News

Commodities

Silver about to trade above $30 once more for first time in 3 years
2024-05-17 11:54AM UTC
Silver prices rose in European trade on Friday, resuming gains and approaching $30 an ounce for the ...
Gold News

Commodities

Gold hovers near four-week high ahead of Christopher Waller's remarks
2024-05-17 09:13AM UTC
Gold prices rose in European trade on Friday, resuming gains and approaching four-week highs, and ...

Commodities Technical Analysis

Silver Analysis

Commodities

Update: Silver price resumes the bullish track
2024-05-17 15:23PM UTC
Silver price rallied upwards strongly to breach 29.80$ level and approach 31.00$ barrier, to stop ...
Gold Analysis

Commodities

Update: Gold price surpasses the first target
2024-05-17 15:23PM UTC
Gold price succeeded to achieve our first target at 2400.00$ and breached it to confirm the ...
Brent oil Analysis

Commodities

Brent oil price forecast update 17-05-2024
2024-05-17 09:10AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price hovers around the EMA50 that ...