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Commodity Market Analysis

All articles tagged with #commodity market analysis

"Natural Gas Prices: Navigating a Bearish Storm Amid Oversupply and Mild Weather Forecasts"

Originally Published 1 year ago — by FX Empire

Natural gas is experiencing downward pressure and is likely to continue its bearish trend, with potential support levels around 2.03 to 1.95 and a possible pivot at 1.92. The market has fallen below key moving averages and support lines, indicating a strong bearish sentiment. Downward momentum may slow down as it approaches a new trend low, potentially leading to a bullish reversal, but a decisive drop below today’s low could signal further downside.

business commodity-market-analysis bearish-trend commodity-market-analysis fibonacci-retracement market-analysis natural-gas support-levels

"Analyzing Natural Gas Price Volatility and Support Zones Amid Production Changes"

Originally Published 1 year ago — by FX Empire

Traders are closely monitoring natural gas as it trades within a potential support zone defined by the uptrend line, the 78.6% retracement, and the prior swing low at 2.235. A decisive decline below 2.31 could signal further price drops, with potential support around the 2.235 level. However, the bearish trend remains intact, and a rally above 2.31 could indicate strength, potentially leading to a tradeable bounce. If prices weaken further, a test of trend lows around 1.97 to 1.94 is possible.

business commodity-market-analysis bearish-trend commodity-market-analysis fibonacci-retracement market-volatility natural-gas support-zones