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Natural Gas Daily Technical Analysis | 9 January 2018

2018-01-09 11:23 am | Resource: Technical Analysis Section | No Views : 299

Natural gas breached in the US green currency The trend line rose during the last week as a result of the pressure of sellers on natural gas and gas break areas of $ 2.88 and continued to fall to 2.75 levels, which began to recede at the end of last week and during the trading broke gas sub-trend line.

Natural Gas Daily Technical Analysis | 9 January 2018

Our neutral view of natural gas trades confirms the breach of $ 2.86, and the simple moving average 20 overlaps with the movement of gas and therefore our neutral view.
Momentum Relative Strength 14 is trading in a bullish trend in formation and during the morning trading the secondary bearish trend line broke.
It is expected that if natural gas breached $ 2.88, it might target $ 3.07 on the other side, if a break of 2.741 could target $ 2.60.
Support: 2.75 - 2.64 - 2.519
Resistance: 2.88 - 3.07 - 3.15
Trend: neutral


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