Natural gas price lacks the positive momentum – Forecast today – 29-4-2024

Economies.com
2024-04-29 05:56AM UTC

Natural Gas Price Analysis

Expected Scenario

  • Natural gas price postponed the bullish rally and provided new sideways trades by fluctuating near 1.9500$ recently, affected by the negativity of the major indicators, as stochastic declines below 50, while the MA55 forms additional barrier at 2.050$.
  • The continuous contradiction between the price attempt to settle above 1.900$ against the mentioned negative pressures allow us to stay neutral for today and monitor the price until getting clearer signal for the next trend.

Expected Trading Range

Between 1.900$ and 2.050$

Trend Forecast: Neutral

Commodities News

Gold News

Commodities

Gold climbs ahead of inflation data, Powell's speech
2024-05-14 08:35AM UTC
Gold prices rose in European trade on Tuesday, resuming gains after a short hiatus, as US 10-year ...
Copper News

Commodities

Copper extends gains in challenge to global geopolitical concerns
2024-05-13 15:50PM UTC
Copper prices rose on Monday as the dollar inched down against most major rivals despite ongoing ...
Brent Oil News

Commodities

Brent climbs nearly 1.5% on Asian demand hopes
2024-05-13 14:32PM UTC
International benchmark Brent rose 1.5% in American trade on Monday, resuming its recovery from ...

Commodities Technical Analysis

Natural gas Analysis

Commodities

Natural gas price repeats the positive closings – Forecast today – 15-5-2024
2024-05-15 05:35AM UTC
Natural Gas Price Analysis Expected Scenario Despite natural gas price weak trades ...
Platinum Analysis

Commodities

Platinum price resumes the rise – Forecast today – 15-5-2024
2024-05-15 05:30AM UTC
Platinum Price Analysis Expected Scenario Platinum price didn’t get enough by ...
Copper Analysis

Commodities

Copper price begins to hit the targets – Forecast today – 15-5-2024
2024-05-15 05:29AM UTC
Copper Price Analysis Expected Scenario The Copper price confirmed keeping the bullish ...