• Natural gas reversed from resistance level 3.300
• Likely to reach support level 2.700
Natural gas under bearish pressure after the price failed to hold the ground above the key resistance level 3.300 (which stopped the previous sharp uptrend in October).
The downward reversal from the resistance level 3.300 created the daily candlestick reversal pattern Bearish Engulfing.
Natural gas can be expected to fall further toward the next support level 2.7000 (low of the previous minor corrections (iv) and (ii)).
The recent declines in US indices may have broken the bullish trend, indicated by technical…
The dollar has paused its strengthening, as weaker-than-expected inflation data reduces fear of future Fed…
Bitcoin finds support near the 50-day moving average, but further declines in the stock market…
- EURCHF falling inside minor impulse wave 5 - Likely to fall to support level…
- USDCHF reversed from resistance zone - Likely to fall to support level 0.8860 USDCHF…
The US dollar is at two-year highs. Factors such as changes in the Fed's monetary…
This website uses cookies