Natural gas price needs to surpass the moving average 55 – Analysis – 9-12-2022
Economies.com
2022-12-09 09:28AM UTC
Natural gas price ended its bullish correctional rally by providing negative close below the moving average 55, which represents an extra barrier at 6.250 and that forces it to form mixed sideways waves by its stability near 5.9000.
We expect the trading confinement in sideways range between the mentioned barrier and 5.300 level which represents a strong support until this moment, therefore, we recommend the neutrality and waiting for surpassing one of these levels to detect the expected trend for the upcoming trading.
The expected trading range for today is between 6.150 and 5.350
The expected trend for today: Sideways
Commodities News
Commodities
Gold scales fresh record highs and marks weekly gains
2024-05-17 21:03PM UTC
Gold prices rose on Friday and scaled fresh record highs, marking the second weekly profit in a ...
Commodities
Silver about to trade above $30 once more for first time in 3 years
2024-05-17 11:54AM UTC
Silver prices rose in European trade on Friday, resuming gains and approaching $30 an ounce for the ...
Commodities
Gold hovers near four-week high ahead of Christopher Waller's remarks
2024-05-17 09:13AM UTC
Gold prices rose in European trade on Friday, resuming gains and approaching four-week highs, and ...
Commodities Technical Analysis
Commodities
Update: Silver price resumes the bullish track
2024-05-17 15:23PM UTC
Silver price rallied upwards strongly to breach 29.80$ level and approach 31.00$ barrier, to stop ...
Commodities
Update: Gold price surpasses the first target
2024-05-17 15:23PM UTC
Gold price succeeded to achieve our first target at 2400.00$ and breached it to confirm the ...
Commodities
Brent oil price forecast update 17-05-2024
2024-05-17 09:10AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price hovers around the EMA50 that ...