The natural gas repeats the pressure on the extra support – Analysis – 07-10-2019
Economies.com
2019-10-07 06:35AM UTC
The natural gas renewed forming negative trading after testing the moving average 55, which supports the stability of the barrier at 2.750, to notice forming a sharp decline attempting to renew the pressure on the extra support at 2.225.
Stochastic provide to the negative momentum by reaching below 50 level increases the chances for breaking the current obstacle, which allows it to resume the negative attack, to expect reaching 1.920 followed by the main target near 1.600.
The expected trading range for today is between 2.500 and 1.920
The expected trend for today: Bearish
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