No news for natural gas price – Analysis – 30-5-2023
No news for natural gas price, to continue forming weak sideways waves near 2.350 and keep its main stability within the main bearish channel that appears on the chart, reminding you that the previously suggested correctional bullish attempts will remain valid as long as 1.950 keeps forming the additional support, to expect the attempt to test the major resistance at 2.900 soon.
On the other hand, declining below the mentioned support and getting negative close below it will confirm its preparation to resume the main attack, to suffer big losses by moving towards the historical support near 1.500 followed by reaching the psychological support at 1.000.
The expected trading range for today is between 2.250 and 2.800
The expected trend for today: Bullish
Commodities News
Commodities
Oil prices reverse lower, with US crude slumping 7% this week
Oil prices fell on Friday to seven-week lows amid concerns about oversupplies after an unexpected ...
Commodities
Gold under pressure ahead of US jobs data
Gold prices fell in European trade on Friday, extending losses for the second straight session and ...
Commodities
Gold gains ground as dollar dips while traders digest Fed's decisions
Gold prices rose on Thursday as the dollar fell against most major rivals, while investors digest ...
Commodities Technical Analysis
Commodities
Brent oil price forecast update 03-05-2024
Brent oil price shows new negative trades now in attempt to resume the correctional bearish trend, ...
Commodities
Crude oil price forecast update 03-05-2024
Crude oil price resumes its negative trading to move away from 79.60$ level, reinforcing the ...
Commodities
Silver price forecast update 03-05-2024
Silver price declines again to reach our waited target at 26.00$, waiting to break this level to ...