Commodities

Natural gas price surrenders to the negative pressures – Analysis – 16-4-2019

2019-04-16 06:54:14 GMT (Economies.com)

Natural gas price surrendered to the negative pressures recently, to keep its negative stability below 3.010 resistance and notice the beginning of forming negative trades by reaching 2.605.

 

Note that the fluctuation of the moving average 55 around the current resistance and stochastic crawl towards the oversold areas agree the negative overview, to get new negative momentum and wait to achieve many negative targets that start at 2.380 followed by 1.900.

 

The expected trading range for today is between 2.750 and 2.380

 

The expected trend for today: Bearish

 

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