Tag

Retracement

All articles tagged with #retracement

finance2 years ago•2 min saved

"Analyzing Natural Gas Trends: Weather Impacts and Price Decline"

Natural gas has experienced a significant decline, breaking below key support levels and indicating a potential retracement towards the next support zone between 2.88 to 2.81. The recent high completed a 51.8% rally, suggesting a deeper retracement or consolidation phase. The 200-Day MA is a crucial trend indicator, and a rejection at this level could maintain a bullish outlook, while a close below it followed by further decline may signal bearish price action.

via FX Empire|

#200-day-ma #finance #natural-gas

energy-markets2 years ago•1 min saved

Natural Gas Market: Levels, Prices, and Inventories Analyzed

Natural gas is currently trading near trend highs and facing resistance at the top trend channel line and the 50% retracement level. An upside breakout above 3.45 could lead to higher targets at 3.61 and a resistance zone from 3.77 to 3.85. However, a downside correction may occur if natural gas drops below 3.34, with potential support at the 200-Day EMA (3.18) and the 3.02 price zone. A drop below 3.02 could test the long-term downtrend line or uptrend line at 2.90.

via FX Empire|

#energy-markets #natural-gas #price-forecast

energy-markets2 years ago•2 min saved

Natural Gas Market Volatility: What's Next for Prices?

Natural gas is experiencing a bearish reversal, with a sharp pullback from new highs and a potential drop below support levels. The current pullback may deepen, with possible support at Fibonacci retracement levels. Upside targets will only be in sight once the retracement is complete, and the characteristics of the correction will provide clues for future price movements.

via FX Empire|

#bearish-reversal #energy-markets #natural-gas