Natural Gas continue to move in the ascending channel. At the time of the publication of the forecast, the price of Natural Gas is 2.83 dollars. At the moment, we should expect an attempt to grow and test the resistance level near the 2.85 area. Further, the continuation of the fall of the gas exchange rate in the region below the level of 2.75.
Natural Gas Forecast and Analysis March 8, 2019
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 boundary of the channel. Cancellation of the option of reducing the price of natural gas will be a strong growth and the breakdown level of 2.95. This will indicate a breakdown of the resistance area and continued growth of quotations in the area above the level of 3.45. Confirmation of a decrease in quotations will be the breakdown of the support area and the closing of Natural Gas prices below level 2.75.
Natural Gas Forecast and Analysis March 8, 2019 involves an attempt to test the resistance level near the area of 2.85. Further, the continuation of the fall with a goal below 2.75. Cancellation of the option to reduce the price of natural gas will be a strong growth and the breakdown level of 2.95. This will indicate a continuation of the rise of quotations in the area above the level of 3.45.
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