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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

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