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200 Day Ema

All articles tagged with #200 day ema

commodities2 years ago•3 min saved

"Natural Gas Prices Plummet as Support Levels are Tested, Bearish Pressure Persists"

Natural gas prices are facing bearish pressure as they weaken and breach key support levels, including the 200-Day EMA and the 61.8% retracement. The prices are expected to test lower support levels around 3.04, including the 50-Day EMA and the 78.6% Fibonacci retracement. However, if a bullish reversal occurs from these support levels, higher targets around 3.76 to 3.86 may be reached, including the completion of a rising ABCD pattern and the 23.6% Fibonacci retracement of the prior downtrend.

via FX Empire|

#200-day-ema #bearish-pressure #commodities

finance2 years ago•2 min saved

Natural Gas Breaks Resistance and Soars, Defying Previous Year's Performance

Natural gas surged to new trend highs, breaking above the prior swing high of 3.02 and confirming a trendline breakout. The price is currently testing the 200-Day EMA resistance, which has not been breached since last December. The completion of a Fibonacci extension level at 3.18 adds to the potential resistance. If the price continues to rise decisively, it could signal a bullish continuation with higher targets at 3.28 and 3.38.

via FX Empire|

#200-day-ema #bullish-continuation #finance

finance2 years ago•1 min saved

Gold Price Forecast: Bullish Momentum Continues as Gold Surges Above $1,900

Gold markets bounced back after finding support near the $1915 region, with the 200-Day EMA and 61.8% Fibonacci level acting as strong support levels. Traders are advised to look for buying opportunities as long as the market stays above the 200-Day EMA. The initial target is set at $1950, followed by the 50-Day EMA and the $2000 level. However, a breakdown below the 200-Day EMA and $1900 level could lead to a move down to $1800. Overall, value hunters are expected to return to the market repeatedly.

via FX Empire|

#200-day-ema #fibonacci-level #finance