Natural gas faces key barrier – Analysis – 14-8-2020
Economies.com
2020-08-14 07:27AM UTC
Natural gas price started to form strong positive trades after succeeding to surpass the bearish channel’s resistance at 1.980, to form good support against the bullish trades, noticing that the price faces solid barrier at 2.280 to postpone the bullish attack and form some sideways fluctuation as appears on the chart.
The price needs to gather the additional positive momentum to manage to surpass the mentioned barrier and open the way to reach the additional positive stations that start at 2.480 and 2.780 levels.
The expected trading range for today is between 2.100 and 2.480
The expected trend for today: Bullish
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