Natural Gas (NGAS) completes the trading week at 2.95. Natural Gas is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Natural Gas. It is expected to test the area of signal lines near level 3.10, from which one should expect an attempt to fall and further develop a bearish trend along Natural Gas in order to reduce near the level of 2.73.
Natural Gas (NGAS) forecast on June 26 — 30, 2017
Previously, we received a weak signal for sales of Natural Gas, due to the crossing of signal lines at 3.31. Canceling the option of falling quotes of Natural Gas will be a breakdown of the upper boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotes above the area of 3.30, which indicates a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotations NGAS stands with a breakdown of the local minimum area at 2.80.
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