Natural Gas continue to move within the bullish channel. At the time of the publication of the forecast, the price of Natural Gas is $ 2.64. At the moment, we should expect an attempt to reduce and test the support level near the 2.50 area. Further, the continued growth of the gas rate in the region above the level of 2.95.
Natural Gas Forecast and Analysis September 17, 2019
In favor of the growth of quotations 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 lower boundary of the ascending channel. Cancellation of the option of rising natural gas prices will be a fall and a breakdown of the level of 2.40. This will indicate a breakdown of the support area and continued decline in quotations to the area below the level of 2.15. Confirmation of the growth of quotes will be a breakdown of the support area and closing of Natural Gas prices below 2.70.
Natural Gas Forecast and Analysis September 17, 2019 suggests an attempt to test the support level near the 2.50 area. Further, continued growth with the target above the level of 2.95. Cancellation of the option of raising the price of natural gas will be a fall and a breakdown of the level of 2.15. This will indicate a continued decline in quotations to the area below the level of 3.45.
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