The natural gas price surrenders to the moving average negativity – Analysis – 23-9-2019
Economies.com
2019-09-23 06:55AM UTC
The natural gas price ended the bullish correctional rebound by facing the moving average 55 at 2.800, to increase the strength of 23.6% Fibonacci correction level, which represents an extra resistance against the main negative trading.
Stochastic attempt to surpass the overbought level increases the chances for gathering a new negative momentum that allows to renew the negative attempts to target 2.400 and 2.050.
The expected trading range for today is between 2.650 and 2.400
The expected trend for today: Bearish
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