country flagالعربية

Natural gas Daily Technical Analysis | 2 January 2018

2018-01-02 10:22 am | Resource: Technical Analysis Section | No Views : 296

We noted earlier that natural gas breached in green US currency for the bearish trend line on the time interval 240 minutes during the trading last Wednesday and during the weekend, the gas broke through the areas of 2.762 and continued to climb up to the areas of 3.06.

Natural gas Daily Technical Analysis | 2 January 2018

The gas is trading in a bullish direction under formation, and the SMA 20 is bullish and forms a very important support area for gas.
Momentum Relative Strength 14 breached the bearish trend line at the end of last week's trading and so far is trading in a bullish direction and the 70 level indicates the bull's control over the gas.
It is expected that if natural gas breached 3.077, it might target 3.15 on the other side, if a break of 2.916 might target the $ 2.752 level.
Support: 2.88 - 2.75 - 2.64
Resistance: 3.07 - 3.15 - 3.21
Trend: Up

Other news

Gold prices rise as the dollar weakens and US stocks decline

Gold prices rose on Friday, a day after the European Central Bank cut interest rates for the first time since 2016, and unveiled a comprehensive stimulus package to boost growth in the troubled euro zone. US President Donald Trump said he could consider a temporary trade deal with China before high-level negotiations in October. US stocks decline in pre-market trading Wall Street stocks fell in early trade ahead of Friday…

More news

Best trading brokers

All Rights Reserved
Risk Disclaimer: Trading in foreign exchange market (Forex) includes the risks and the possibility of loss. That is why we are keen on providing the highest quality news and analysis concerning the different markets traded. The opinions expressed in the site indicate the opinion of the author only and not the views of the administration or the public, knowing that errors could be encountered and there is a possibility to commit them. Before starting to trade you should carefully consider your investment objectives, and review the level of experience and risk appetite. In some cases, possible high leverage can lead to loss of funds invested, so you can not invest money that you can not handle its possible loss. You should be aware of all the risks associated with foreign exchange trading and seek for advices from an independent financial advisor if you have any does not assume any responsibility after the occurrence of financial loss to the dealer and the user carries full responsibility for the losses resulting from the use of news, analysis and data on the site.