Natural Gas (NGAS) completes the trading week at 2.83. Natural Gas is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Natural Gas. Ichimoku Kinko Hyo Cloud is expected to test near the 2.80 level, from which it is expected to try to grow and further develop the bullish trend over Natural Gas with a target to growth near the level of 3.10.
Natural Gas forecast & analysis on January 10, 2018
Previously, we received a weak signal for sell of Natural Gas, due to the crossing of signal lines at the level of 2.90. Canceling the growth of NGAS quotations will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below the area of 2.70, which indicates a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations NGAS is with the breakdown of the local maximum area at 3.00.