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Natural Gas Price Analysis for March 12, 2025
Natural gas is still in correction mode but could be due for a bounce soon as it tests the area of interest or former resistance zone at $4.500 that might hold as support. This lines up with the 50% Fibonacci retracement level on the latest swing low and high on the hourly time frame. A larger correction could still reach the 61.8% Fib at $4.266 or the rising trend line support closer to $4.100. If any of these are able to keep losses in check, natural gas could resume the climb to the swing high at $5.012 or higher. The 100 SMA is above the 200 SMA to indicate that the path of least resistance is to the upside or ... (full story)
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- Posted: Mar 12, 2025 6:01am
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 95
