No news for natural gas price – Analysis – 28-11-2022

Economies.com
2022-11-28 05:37AM UTC

No news for natural gas price that keeps fluctuating within the sideways track, to notice its stability above 6.750 support line to decrease the chances of suffering any additional losses, also, the continuous contradiction between the major indicators confirms the domination of the sideways bias for now, to expect confining trades between the current support and 7.200 resistance.

 

Note that declining below the current support will force it to suffer additional losses by crawling towards 6.500 direct and press on the moving average 55.

 

The expected trading range for today is between 6.750 and 7.200

 

The expected trend for today: Sideways

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