Gas prices are trading at 2.60. NGAS is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in NGAS. The Ichimoku Kinko Hyo Cloud lower limit test is expected near the level of 2.73, from which it is expected to attempt a rebound and the development of the bearish trend for NGAS with a target to reducing near the level of 2.45.
Natural Gas forecast & analysis NGAS on February 16, 2018
Previously, we received a weak signal for sell of Natural Gas, due to the crossing of the signal lines at the level of 3.05. The cancellation of the variant of falling quotations and gas prices will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 2.95, which indicates a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotes Natural Gas stands with the breakdown of the support level and closing below the area of 2.45.
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