Natural Gas is currently trading close to the resistance zone lying between the long-term resistance level 3.0450 (which reversed the price with the daily Evening Star in June) and the upper daily Bollinger Band.
The price previously broke the key resistance level 2.975 (top of the previous wave A of the active ABC correction (B) from July).
Given the strength of the resistance level 3.0450 and the overbought daily Stochastic – Natural Gas is expected to correct down further and retest the aforementioned price level 2.975 (acting as support after it was broken). In the alternative scenario expect sharp gains toward the next resistance level 3.1000.
- GBPUSD reversed from strong support level 1.2665 - Likely to rise to resistance level…
- USDCAD broke resistance level 1.3950 - Likely to rise to resistance level 1.4050 USDCAD…
The US dollar has strengthened, reaching the upper boundary of its trading range. The British…
Cryptocurrencies continued to surge, pushing the total cap to $3 trillion. Bitcoin has gained nearly…
- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…
- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…
This website uses cookies
