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Given ample time, even higher levels may come into play. A breakthrough at this point could open the door to further gains, with the $5.00 level representing a longer-term target. ![]() Looking ahead, the $4.00 level looms as a substantial resistance barrier, making it an attractive target for market participants. It appears that we are during a recovery cycle, suggesting that natural gas has the potential for significant upward movement. Notably, the European Union's concerns about gas supply for the upcoming winter season have cast a long-reaching influence on this market. In such situations, technical support often plays a pivotal role, supported by numerous fundamental factors. The current landscape finds natural gas trading within the range of the 200-Day EMA and the 50-Day EMA indicators, a scenario known to generate considerable market noise.
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