Natural Gas (NG) completes the trading week at 3.46. Natural Gas continues to trade above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating an upward trend in Natural Gas. It is expected to test the area of signal lines near the level of 3.30, from which one should expect an attempt to grow and develop a bullish trend along Natural Gas with a view to growth near the level of 3.70.
Natural Gas (NG) Price Forecast on May 15 — 19, 2017
Previously, a strong signal was received for natural gas purchases, due to the intersection of the signal lines at the level of 3.25. Canceling the growth of natural gas prices will be a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below the area of 2.90, which will indicate a change in the upward trend in favor of a downward trend. Expect to accelerate the growth of quotations Natural Gas (NG) stands with the breakdown of the local maximum area at 3.65.
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