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Bearish Continuation

All articles tagged with #bearish continuation

finance2 years ago•2 min saved

"Assessing the Volatility: Natural Gas Prices and Investment Prospects"

Natural gas prices showed a minor change in the pattern of declining prices, ending a consecutive decline of eight days with lower daily highs and lower daily lows. While the bear trend remains intact, a drop below 1.575 signals a likely bearish continuation, while a rally above 1.64 indicates strengthening. A daily close above 1.67 could confirm strength and potentially lead to a test of prior support levels as resistance, with a potential target at the previous swing low of 2.31.

via FX Empire|

#bearish-continuation #finance #market-analysis

financeenergy-markets2 years ago•2 min saved

"Natural Gas Prices: Forecasting New Lows and Persistent Challenges"

Natural gas prices are expected to continue falling, with a bearish trend triggered by a drop below 2.00. The strong downward momentum suggests a potential further decline below 1.95, with initial targets around 1.80 and potentially 1.61/1.60. Despite the extended downside, a bullish reversal would require a rise above 2.17.

via FX Empire|

#bearish-continuation #downward-momentum #economic-events

commodities2 years ago•3 min saved

Natural Gas Prices Plummet Amidst Storage Glut and Delayed LNG Facility

Natural gas is facing downward pressure as it hovers near the 2.54 mark, with a drop below signaling a bearish continuation. The emergence of a larger bearish flag pattern raises concerns about further declines, with potential lower targets at 2.50 and a price range from 2.44 to 2.42. The August 21 swing low of 2.425 holds significance as it represents a higher swing low that defines the rising trend channel, which is now at risk of being broken.

via FX Empire|

#bearish-continuation #commodities #natural-gas