Natural gas price takes breath – Analysis – 25-7-2022
Economies.com
2022-07-25 05:54AM UTC
Natural gas price touched 8.540 level recently, to start forming sideways fluctuation and attempt to take a breath before resuming the previously suggested bullish attack, as the frequent stability above 50% Fibonacci correction level at 7.600 will assist to confine trades within the bullish track until reaching the additional resistance at 9.000.
In addition, we notice stochastic continuous fluctuation within the overbought areas, to increase the chances of gaining the positive momentum and activate the bullish track, paving the way to reach the previously suggested target.
The expected trading range for today is between 8.050 and 8.740
The expected trend for today: Bullish
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