Natural gas daily chart has formed a “Falling wedge” pattern. The last few sessions ended up in sideways trend retesting near the channel’s support slope line. The market is expected to continue on bullish momentum based on the price action, testing all the way through 190-196 levels in the upcoming sessions. Alternatively, in the market breaks below key support holding at 180 then it might turn bearish once again. The downside rally could test up to 175 levels. Key resistance holds at 196.
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