Natural gas price sticks to the top – Analysis – 22-11-2018
Economies.com
2018-11-22 07:30AM UTC
Natural gas price decided to take a breath after renewing the bullish attack, to hover around the recently recorded top at 4.950, expecting to gather new positive momentum and take advantage of renewing the bullish attack to increase the chances to achieve the main target at 5.183.
Also, note the importance of the stability of 50% Fibonacci correction level to form additional support line at 4.030 to decrease the chances of forming any correctional bearish rebound before reaching the mentioned main target.
Expected trading range for today is between 4.300 and 5.000
Expected trend for today: Bullish
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