Natural gas daily chart has formed “Rising channel” pattern. The last few sessions ended up bullish in trend along with some corrections, near the channel’s resistance slope line. The market is expected to continue on bearish momentum by retesting the same, testing all the way through 285-280 levels in the upcoming weeks. Alternatively, if the market breaks above the key resistance currently holding at 294 then it might continue on bullish once again. The upside rally could test up to 300 level. Key support holds at 280.
Research Report call: