Natural gas price suffers big losses – Analysis – 21-1-2022
Economies.com
2022-01-21 06:03AM UTC
Natural gas price surrendered to the frequent negative pressures, to decline below the minor bullish channel’s support line near 4.220, to notice suffering big losses by reaching 3.770.
The moving average 55 forms additional resistance at 4.050, to confirm blocking trades within the bearish track, to expect gathering the additional negative momentum and resume the negative attack that might target 3.650 followed by reaching the historical support at 3.475.
The expected trading range for today is between 4.000 and 3.650
The expected trend for today: Bearish
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