Natural gas price touches the support – Analysis – 7-12-2022
Economies.com
2022-12-07 05:46AM UTC
Natural gas price ended its negative attack by touching 5.350 support line that formed the waited target in our previous report, while the price rebound towards 5.600 hints its surrender to the strength of the support line, to expect renewing the correctional bullish attempts in order to reach 6.200 followed by pressing on 6.550 resistance.
The above chart shows that stochastic provides the positive momentum, to increase the chances of the correctional bullish track efficiency and wait to achieve the suggested targets.
The expected trading range for today is between 5.400 and 5.900
The expected trend for today: Bullish
Commodities News
Commodities
How did gold become a major component in Nvidia's signature GPUs?
2024-04-25 20:32PM UTC
Nvidia has witnessed one of the most stunning success stories in recent years.. But before we get ...
Commodities
Oil prices lost ground despite large US inventory drawdown
2024-04-24 20:42PM UTC
Oil prices fell on Wednesday despite earlier official data that showed a steep decline in US crude ...
Commodities
US crude stocks fall more than expected
2024-04-24 16:29PM UTC
The Energy Information Administration reported a drop of 6.4 million barrels in US crude stocks ...
Commodities Technical Analysis
Commodities
Brent oil price forecast update 26-04-2024
2024-04-26 11:01AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price shows additional positive ...
Commodities
Crude oil price forecast update 26-04-2024
2024-04-26 11:01AM UTC
Crude Oil Price Analysis Expected Scenario Crude oil price keeps its stability above ...
Commodities
Silver price forecast update 26-04-2024
2024-04-26 11:00AM UTC
Silver Price Analysis Expected Scenario Silver price provides slight positive trades to ...