Natural gas still bullish – Analysis – 24-2-2021
Economies.com
2021-02-24 06:22AM UTC
Natural gas formed correctional bearish trades recently after facing strong negative pressures, to settle near 2.810, while the continuous stability within the bullish channel and the strength of 2.530 support line support the continuation of the positivity for the upcoming period.
Also, the consolidation of the moving average 55 below the current trades confirms blocking the price within the bullish track, to keep waiting to gather the positive momentum and start recording additional positive targets by rallying towards 3.050 followed by 3.560.
The expected trading range for today is between 2.720 and 3.050
The expected trend for today: Bullish
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