Natural Gas (NGAS) completed the trading week at 3.20. Natural Gas is traded above the upper boundary of the Ichimoku Cloud, indicating an upward trend in Natural Gas. It is expected to test the upper boundary of the Ichimoku Cloud near the level of 3.10, from which one should expect an attempt to grow and develop a bullish trend over Natural Gas with a view to growth near the level of 3.40.
Ichimoku Forecast Natural Gas on April 24 — 28, 2017
Previously, a weak signal was received for purchases of Natural Gas, due to the intersection of signal lines at 2.95 level. The cancellation of the growth option will be a breakdown of the lower boundary of the Ichimoku Cloud with the closing of quotes below the area of 2.85, which will indicate a shift in the upward trend in favor of the downward trend. Expect to accelerate the growth of quotations (NGAS) is with the breakdown of the local maximum area at 3.30.
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