Natural Gas Report

Technical outlook

Natural gas daily chart has formed “Falling wedge” pattern. The last few sessions ended up in sideways trend along with some corrections 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 160. The downside rally could be testing all the way through 158-155 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 166-168 levels. Key resistance holds at 168.

Technical outlook

Natural gas daily chart has formed “Falling wedge” pattern. The last few sessions ended up in sideways trend along with some corrections inside the channel. The market is expected to continue on bullish momentum based on the price action, once the same breaks above a key resistance holding at 168. The upside rally could be testing all the way through 172-178 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 163-160 levels. Key support holds at 160.

Technical outlook

Natural gas daily chart has formed “Falling wedge” pattern. The last few sessions ended up in sideways trend along with some corrections 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 160. The downside rally could be testing all the way through 157-154 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 166-170 level. Key resistance holds at 170.

Technical outlook

Natural gas daily chart has formed “Falling wedge” pattern. The last few sessions ended up in bullish trend along with some corrections inside the channel. The market is expected to continue on bullish momentum based on the price action, once the same breaks above a key resistance holding at 168. The upside rally could be testing all the way through 170-174 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 160 level. Key support holds at 160.

Technical outlook

Natural gas daily chart has formed “Falling wedge” pattern. The last few sessions ended up in bullish trend along with some corrections inside the channel. The market is expected to continue on bullish momentum based on the price action, once the same breaks above a key resistance holding at 168. The upside rally could be testing all the way through 172-176 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 160 level. Key support holds at 160.

Technical outlook

Natural gas daily chart has formed “Falling wedge” pattern. The last few sessions ended up in bullish trend along with some corrections inside the channel. The market is expected to continue on bullish momentum based on the price action, testing all the way through 168-172 levels in the upcoming sessions. Alternatively, if the market breaks below a key support holding at 160 then it might turn bearish once again. The downside rally could test up to 158-155 levels. Key resistance holds at 172.

Technical outlook

Natural gas daily chart has formed “Falling wedge” pattern. The last few sessions ended up in bearish trend along with some corrections 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 160. The downside rally could be testing all the way through 155-150 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 166-172 levels. Key resistance holds at 172.

Technical outlook

Natural gas daily chart has formed “Falling wedge” pattern. The last few sessions ended up in bearish trend along with some corrections 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 158. The downside rally could be testing all the way through 154-150 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 166-170 levels. Key resistance holds at 170.

Technical outlook

Natural gas daily chart has formed “Falling wedge” pattern. The last few sessions ended up in bearish trend along with some corrections 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 163. The downside rally could be testing all the way through 160-158 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 170-175 levels. Key resistance holds at 175.

Technical outlook

Natural gas daily chart has formed “Falling wedge” pattern. The last session ended up in bullish 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 171-175 levels in the upcoming sessions. Alternatively, if the market breaks below a key support holding at 165 then it might turn bearish once again. The downside rally could test up to 160-158 levels. Key resistance holds at 175.