The natural gas recovers – Analysis – 05-10-2020
Economies.com
2020-10-05 05:34AM UTC
The natural gas price began to face the negative pressures, to end the negative bleeding by its stability above 2.270 level that represents 23.6% Fibonacci correction level as appears in the above image.
stochastic reach to the oversold level confirms the begin of surpassing the negative pressures, which provides chance for gathering positive momentum, to expect targeting 2.780 level and surpassing it might extend the trading to 3.180 in the upcoming period.
The expected trading range for today is between 2.320 and 2.780
The expected trend for today: Bullish
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