Natural Gas Report

Technical outlook

Natural gas 4hr chart has formed “Ascending broadening wedge” pattern. The last few sessions ended up sideways mode along with some corrections inside the channel. The market is expected to continue on the bullish momentum based on the price action, once break above a key resistance holding near 198. The upside rally could be testing all the way through 201-204 levels in the upcoming sessions. Alternatively, if the market struggles to break the resistance level, then it might retest the same and turn bearish/sideways once again. Key support holds at 195. A slide to 192-189 is also a possibility if the price makes or break below the current support level.

Technical outlook

Natural gas 4hr chart has formed “Ascending broadening wedge” pattern. The last few sessions ended up sideways mode along with some corrections inside the channel. The market is expected to continue on the bearish momentum based on the price action, once break below a key support holding near 191. The downside rally could be testing all the way through 188-185 levels in the upcoming sessions. Alternatively, if the market struggles to break the support level, then it might retest the same and turn bullish/sideways once again. Key resistance holds at 195. A slide to 198-201 is also a possibility if the price makes or break above the current resistance level.

Technical outlook

Natural gas 4hr chart has formed “Ascending broadening wedge” pattern. The last few sessions ended up sideways mode along with some corrections inside the channel. The market is expected to continue on the bullish momentum based on the price action, once break above a key resistance holding near 190. The upside rally could be testing all the way through 193-196 levels in the upcoming sessions. Alternatively, if the market struggles to break the resistance level, then it might retest the same and turn bearish/sideways once again. Key support holds at 187. A slide to 184-181 is also a possibility if the price makes or break below the current support level.

Technical outlook

Natural gas 4hr chart has formed “Ascending broadening wedge” pattern. The last few sessions ended up sideways mode along with some corrections inside the channel. The market is expected to continue on the bearish momentum based on the price action, once break below a key support holding near 186. The downside rally could be testing all the way through 183-180 levels in the upcoming sessions. Alternatively, if the market struggles to break the support level, then it might retest the same and turn bullish/sideways once again. Key resistance holds at 189. A slide to 192-195 is also a possibility if the price makes or break above the current resistance level.

Technical outlook

Natural gas 4hr chart has formed “Ascending broadening wedge” pattern. The last few sessions ended up sideways mode along with some corrections inside the channel. The market is expected to continue on the bullish momentum based on the price action, once break above a key resistance holding near 190. The upside rally could be testing all the way through 193-196 levels in the upcoming sessions. Alternatively, if the market struggles to break the resistance level, then it might retest the same and turn bearish/sideways once again. Key support holds at 187. A slide to 184-181 is also a possibility if the price makes or break below the current support level.

Technical outlook

Natural gas daily chart has formed “Right angled ascending broadening wedge” pattern. The last few sessions ended up sideways mode along with some corrections inside the channel. The market is expected to continue on the bearish momentum based on the price action, once break below a key support holding near 180. The downside rally could be testing all the way through 177-174 levels in the upcoming sessions. Alternatively, if the market struggles to break the support level, then it might retest the same and turn bullish/sideways once again. Key resistance holds at 189.

Technical outlook

Natural gas daily chart has formed “Right angled ascending broadening wedge” pattern. The last few sessions ended up sideways mode along with some corrections inside the channel. The market is expected to continue on the bearish momentum based on the price action, once break below a key support holding near 181. The downside rally could be testing all the way through 178-175 levels in the upcoming sessions. Alternatively, if the market struggles to break the support level, then it might retest the same and turn bullish/sideways once again. Key resistance holds at 190.

Technical outlook

Natural gas daily chart has formed “Right angled ascending broadening wedge” pattern. The last few sessions ended up sideways mode along with some corrections inside the channel. The market is expected to continue on the bullish momentum based on the price action, once break above a key resistance holding near 196. The upside rally could be testing all the way through 199-202 levels in the upcoming sessions. Alternatively, if the market struggles to break the resistance level, then it might retest the same and turn bearish/sideways once again. Key support holds at 190. A slide to 187 is also a possibility if the price makes or break below the current support level.

Technical outlook

Natural gas daily chart has formed “Right angled ascending broadening wedge” pattern. The last few sessions ended up sideways mode along with some corrections inside the channel. The market is expected to continue on the bearish momentum based on the price action, once break below a key support holding near 190. The downside rally could be testing all the way through 187-184 levels in the upcoming sessions. Alternatively, if the market struggles to break the support level, then it might retest the same and turn bullish/sideways once again. Key resistance holds at 196. A slide to 199 is also a possibility if the price makes or break above the current resistance level.

Technical outlook

Natural gas daily chart has formed “Right angled ascending broadening wedge” pattern. The last few sessions ended up sideways mode along with some corrections inside the channel. The market is expected to continue on the bullish momentum based on the price action, once break above a key resistance holding near 194. The upside rally could be testing all the way through 197-200 levels in the upcoming sessions. Alternatively, if the market struggles to break the resistance level, then it might retest the same and turn bearish/sideways once again. Key support holds at 188. A slide to 185 is also a possibility if the price makes or break below the current support level.