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Natural Gas Daily Technical Analysis | 1 February 2018

2018-02-01 09:37 am | Resource: Technical Analysis Section | No Views : 328

During the Asian session yesterday, the natural gas broke the minor bullish trend line as a result of sellers' pressure on the commodity, which also led to a breach of the support area of ​​3.06

Natural Gas Daily Technical Analysis | 1 February 2018

The gas is trading in a bearish trend under formation, and the SMA 20 is bearish.
Momentum RSI 14 broke the ascending trend line on the hourly interval during European session yesterday.
It is expected that if natural gas breaks $ 2.93, it could target $ 2.68, while a break of 3.06 could target $ 3.43.
Support: 2.75- 2.647- 2.50
Resistance: 3.06 - 3.21 - 3.56
Trend: Down

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