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Natural Gas Price Forecast: Finds Temporary Support, Eyes Potential Rally
video Natural gas found at least temporary support on Wednesday, that led to a bounce on Thursday. It is set to complete an inside day today with a high of 2.13 and a low of 2.02, at the time of this writing. Support was seen at 2.015 on Wednesday, the current low of the bearish retracement. That was right at a support zone identified from around 2.02 to 2.00. Today’s advance improves the chance that the 2.02 to 2.00 price zone could hold as support and lead to a higher advance. chart The internal downtrend line marks dynamic resistance for the current bear trend (retracement) as a rally above it will provide ... (full story)
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- Posted: Jul 18, 2024 5:29pm
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 123
