Natural Gas continue to move as part of the decline and the downward channel. At the time of the publication of the forecast, the price of Natural Gas is $ 2.21. Moving averages indicate the presence of a bearish trend, which remains strong, as we see prices repel from the area between the signal lines. At the moment, we should expect an attempt to increase the asset quotes and test the resistance level near the area of 2.35. Further, the continuation of the fall in the gas rate in the region below the level of 1.95.
Natural Gas Forecast and Analysis December 11, 2019
In favor of reducing the quotes and prices for Natural Gas, a test of the trend line on the relative strength index (RSI) will come out. The second signal will be a rebound from the upper boundary of the downward channel. Cancellation of the option of falling natural gas prices will be a strong growth and a breakdown of the level of 2.55. This will indicate a breakdown of the resistance area and continued growth of quotations in the area above the level of 3.05. A confirmation of the decline in quotes will be a breakdown of the support area and closing of Natural Gas prices below the level of 2.10.
Natural Gas Forecast and Analysis December 11, 2019 implies an attempt to grow and test the resistance level near the area of 2.35. Further, the continuation of the fall with the target below the level of 1.95. Cancellation of the option of falling the price of natural gas will be a strong growth and a breakdown of the level of 2.55. This will indicate a continued rise in quotations to the area above the level of 3.05.
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