Natural Gas continue to move in the correction and formation of the model «Triangle». At the time of the publication of the forecast, the price of Natural Gas is 3.71 dollars. At the moment, we can expect an attempt to grow and test the resistance level near the area of 3.90. Further, the continuation of the fall of the gas rate in the region below the level of 3.05.
Natural Gas forecast & analysis December 19, 2018
A test of the trend line on the relative strength index (RSI) will be in favor of lowering quotes and prices for Natural Gas. As well as a rebound from the upper limit of the bearish channel. Cancellation of the option to reduce the price of natural gas will be a strong increase and the breakdown level of 4.10. This will indicate a breakdown of the upper boundary of the channel and the continuation of growth of quotations in the area above the level of 4.65. Confirmation of a decrease in quotations will be the breakdown of the support area and the closing of Natural Gas prices below level 3.45.
Natural Gas forecast & analysis December 19, 2018 implies an attempt to test the resistance level near 3.90. Further, the continuation of the fall with the target below 3.05. Cancellation of the option to reduce the price of Natural Gas will be a strong growth and the breakdown level of 4.10. This will indicate a continuation of the rise in quotations in the area above the level of 4.65.
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