Natural Gas

Technical outlook

Natural gas daily chart has formed “Right angled ascending broadening wedge” pattern. The last session ended up bullish in trend after few negative rallies inside the channel. The market is expected to continue on bullish momentum based on the price action, testing all the way through 310-318 levels in the upcoming sessions. Alternatively, if the market breaks below the key support holding at 292 then it might turn bearish once again. The downside rally could test up to 280 level. Key resistance holds at 318.

Research Report call:

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Technical outlook

Natural gas daily chart has formed “Right angled ascending broadening wedge” pattern. The last few sessions ended up bearish in trend after few positive rallies inside the channel. The market is expected to continue on bearish momentum based on the price action, once the same breaks below a key support holding at 295. The downside rally could be testing all the way through 285-280 levels in the upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish once again. The upside rally could test up to 316 level. Key resistance holds at 316.

Research Report call:

Technical outlook

Natural gas daily chart has formed “Right angled ascending broadening wedge” pattern. The last session ended up bearish in trend after few positive rallies inside the channel. The market is expected to continue on bearish momentum based on the price action, testing all the way through 308-300 levels in the upcoming sessions. Alternatively, if the market breaks above the key resistance holding at 330 then it might turn bullish once again. The upside rally could test up to 340 level. Key support holds at 300.

Research Report call:

Technical outlook

Natural gas daily chart has formed “Right angled ascending broadening wedge” pattern. The last few sessions ended up bullish in trend after few negative rallies inside the channel. The market is expected to continue on bullish momentum based on the price action, once the same breaks above the key resistance holding at 336. The upside rally could be testing all the way through 340-345 levels in the upcoming sessions. Alternatively, if the key resistance holds strong then the market might retest the same and turn bearish. The downside rally could test up to 325-310 level. Key support holds at 310.

Research Report call:

Technical outlook

Natural gas daily chart has formed “Right angled ascending broadening wedge” pattern. The last session ended up bullish in trend after few negative rallies inside the channel. The market is expected to continue on bullish momentum based on the price action, once the same breaks above the key resistance holding at 328. The upside rally could be testing all the way through 335-340 levels in the upcoming sessions. Alternatively, if the key resistance holds strong then the market might retest the same and turn bearish. The downside rally could test up to 315-308 level. Key support holds at 308.

Research Report call:

Technical outlook

Natural gas daily chart has formed “Right angled ascending broadening wedge” pattern. The last few sessions ended up bearish in trend along with some corrections inside the channel. The market is expected to continue on bearish momentum based on the previous price action, once the same breaks below the key support holding at 303. The downside rally could be testing all the way through 298-294 levels in the upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish. The upside rally could test up to 315-325 level. Key resistance holds at 325.

Research Report call:

Technical outlook

Natural gas daily chart has formed “Right angled ascending broadening wedge” pattern. The last session ended up bearish in trend after retesting near a key resistance zone inside the channel. The market is expected to continue on bearish momentum based on the previous price action, testing all the way through 310-300 levels in the upcoming sessions. Alternatively, if the market breaks above the key resistance holding at 322 then it might turn bullish once again. The upside rally could test up to 330-340 level. Key support holds at 300.

Research Report call:

Technical outlook

Natural gas daily chart has formed “Right angled ascending broadening wedge” pattern. The last session ended up bullish in trend after few negative rallies inside the channel. The market is expected to continue on bullish momentum based on the previous price action, once the same breaks above the key resistance holding at 325. The upside rally could be testing all the way through 330-340 levels in the upcoming sessions. Alternatively, if the key resistance holds strong then the market might retest the same and turn bearish. The downside rally could test up to 310-300 level. Key support holds at 300.

Research Report call:

Technical outlook

Natural gas daily chart has formed “Right angled ascending broadening wedge” pattern. The last few sessions ended up bearish in trend after few positive rallies inside the channel. The market is expected to continue on bearish momentum based on the previous price action, once the same breaks below the key support holding at 300. The downside rally could be testing all the way through 290-285 levels in the upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish. The upside rally could test up to 315-325 level. Key resistance holds at 325.

Research Report call:

Technical outlook

Natural gas daily chart has formed “Right angled ascending broadening wedge” pattern. The last session ended up bearish in trend after few positive rallies inside the channel. The market is expected to continue on bearish momentum based on the previous price action, testing all the way through 310-300 levels in the upcoming sessions. Alternatively, if the market breaks above a key resistance holding at 327 then it might turn bullish once again. The upside rally could test up to 335-340 level. Key support holds at 300.

Research Report call: