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Natural Gas Price Forecast: Poised for Bullish Continuation After Trend High
Natural gas triggered a potential upside continuation on Wednesday as it rallied to a new trend high of 2.276 before pulling back intraday. It is set to complete a higher daily high and higher low following an attempt at a bearish retracement that began yesterday. A daily close above Tuesday’s high of 2.24 will confirm the advance. At the time of this writing natural gas is at risk of closing relatively weak, near or below the halfway point of today’s trading range. Nonetheless, today’s price action is a sign of strength as buyers took back control after a one-day pullback. And support was found before a test ... (full story)
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- Posted: Aug 14, 2024 4:59pm
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 69
