Natural Gas quotes completed the trading week at 3.251. At the moment, there is a potential for falling quotations in the area below the level of 2.68. In favor of the fall of Natural Gas from current levels is a tight test of the descending line of resistance on the indicator of relative strength.
With the breakdown of area 2.68, we should expect an acceleration in the fall of quotations within the framework of the development of the head and shoulders reversal model with the purpose of falling below the level of 2.10.
Natural Gas Forecast on April 10 — 14, 2017
Abolition of the reduction option can be a strong rise in natural gas prices above the area of 3.70, which indicates the cancellation of the reversal pattern and the continued growth of quotations NG.
Natural Gas Forecast on April 10 — 14, 2017 suggests an attempt to fall below 2.68 in the rebound from the downward resistance line on the relative strength indicator, the abolition of the decline will be a breakdown of the area of 2.70, which will indicate the continued growth of natural gas quotes.
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