Commodities

Natural gas price provides negative signal– Analysis – 5-7-2022

2022-07-05 05:28:20 GMT (Economies.com)

Natural gas price provided negative signal by declining below 6.170, suffering some losses due to reaching 5.400, noting that the frequent negative stability below the broken support and stochastic negative momentum signals form major factors to reinforce the domination of the bearish bias, expecting to crawl towards 5.100 followed by reaching 23.6% Fibonacci correction level at 4.400.

 

The expected trading range for today is between 6.050 and 5.100

 

The expected trend for today: Bearish

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