Natural gas price fluctuates below the resistance – Analysis – 6-2-2020
Economies.com
2020-02-06 08:11AM UTC
Natural gas price forced to form some positive correction affected stochastic positivity that settles within the overbought areas now, to notice rallying towards 1.905, reminding you that the bearish scenario will remain valid as long as the bearish channel’s resistance remains intact at 1.950.
Therefore, we will keep waiting to gather new negative momentum to ease the mission of declining towards 1.830, while breaking this barrier might extend trades towards 1.600 that forms the first main target of the bearish bias.
The expected trading range for today is between 1.950 and 1.830
The expected trend for today: Bearish
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