country flagالعربية

Natural Gas Daily Technical Analysis | 12 January 2018

2018-01-12 10:59 am | Resource: Technical Analysis Section | No Views : 305

The natural gas broke through the minor descending trend line on the 4 hour timeframe as a result of bull pressure on the commodity and before the US session ended yesterday the gas breached the areas of 3.06, confirming the breach of the bearish trend line.

Natural Gas Daily Technical Analysis | 12 January 2018

The stock is trading in a bullish direction and the SMA 20 is pointing upwards.
Momentum RSI 14 is still trading in a bullish direction in formation as it broke through the bearish trend line during the European session yesterday.
It is expected that if natural gas breached $ 3.15, it could target $ 3.21 while a break of 3.09 or a break of 3.15 could target $ 2.91.
Support: 2.75 - 2.64 - 2.519
Resistance: 3.15 - 3.21 - 3.37
Trend: Up

Other news

Gold prices rises with dollar decline and stock futures rise

Gold prices rose as investors shifted focus to trade negotiations between the United States and China, following a series of monetary policy decisions from central banks around the world this week. Talks between US and Chinese negotiators were held in Washington on Thursday - scheduled to end today - for the first time in two months in a bid to find common ground to pave the way for high-level negotiations…

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.