country flagالعربية
0
0

Natural Gas Daily Technical Analysis | 26 January 2018

2018-01-26 11:14 am | Resource: Technical Analysis Section | No Views : 322

Natural gas achieved a large part of the target mentioned in the previous report, as the target at 3.69 while the gas fell from the area of $ 3.56 during the European session yesterday, and during yesterday's trading yesterday fell violently to areas of 3.065.

Natural Gas Daily Technical Analysis | 26 January 2018

Natural gas is still trading in a minor bullish direction, but the trend is weak and the buyers are losing momentum. The 20 SMA is pointing downwards and forming a resistance zone.
Momentum RSI 14 After that, failed to break the secondary bearish trend line breaking the bullish trend line on the 240-minute time frame.
It is expected that if natural gas breached the levels of $ 3.14, it may target the level of $ 3.43 on the other side in the case of a break of 3.065 and may target the level of $ 2.88.
Support: 3.21 - 3.06- 2.75- 2.647
Resistance: 3.21 - 3.56 - 3.69
Trend: Up


Other news

Oil rises after report on Saudi Arabia's inability to meet demand

Oil prices rose sharply on Thursday after CBS News quoted an unnamed US official as saying that Iran's supreme leader, Ayatollah Ali Khamenei, approved last weekend's attack on Saudi Arabia's oil infrastructure targeting Aramco. . In another development, the International Energy Agency welcomed the statement made by Saudi Energy Minister Prince Abdul Aziz bin Salman on the re-production of Saudi suspended Internet, after Saturday's attacks. Report: Saudi Arabia seeks to…

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 doubts.TradingPekk.com 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.