tldrdaily.news logo
Tag

Support Zones

All articles tagged with #support zones

commodity-market-analysis2 years ago

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

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.

via FX Empire|
#bearish-trend#commodity-market-analysis#fibonacci-retracement
finance2 years ago

"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
cryptocurrency2 years ago

Bitcoin and Crypto Prices React to Fed's Decisions

Bitcoin (BTC) remained below $25,000 after the US Federal Reserve delivered an expected pause in interest rate hikes, while keeping the mood hawkish. Fed chair Jerome Powell suggested that fresh hikes may be necessary in the future to tame inflation. Keith Alan, a co-founder of monitoring resource Material Indicators, described Powell as “all bark, no bite.” He believes the Fed will favor bulls and advised investors to "pick your targets." Meanwhile, other analyses argued that the situation for BTC price action might get more interesting, with more volatility incoming.

via Cointelegraph|
#bitcoin#cryptocurrency#federal-reserve