Natural Gas Report

Technical outlook

Natural gas daily chart has formed “Descending 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 200. The upside rally could be testing all the way through 203-206 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.

Technical outlook

Natural gas 4hr chart has formed “Falling channel” 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 187. The upside rally could be testing all the way through 190-193 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 184. A slide to 181-178 is also a possibility if the price makes or break below the current support level.

Technical outlook

Natural gas 4hr chart has formed “Falling channel” 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 181. The upside rally could be testing all the way through 184-187 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 178. A slide to 175-172 is also a possibility if the price makes or break below the current support level.

Technical outlook

Natural gas 2hr chart has formed “Falling channel” 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 183. A slide to 186-189 is also a possibility if the price makes or break above the current resistance level.

Technical outlook

Natural gas daily chart has formed “Falling channel” 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 179. The downside rally could be testing all the way through 176-173 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 182. A slide to 185-188 is also a possibility if the price makes or break above the current resistance level.

Technical outlook

Natural gas daily chart has formed “Falling channel” 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 185. The downside rally could be testing all the way through 182-179 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 194.

Technical outlook

Natural gas daily chart has formed “Falling channel” 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 189. The downside rally could be testing all the way through 186-183 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 198.

Technical outlook

Natural gas 4hr chart has formed “Ascending broadening wedge” pattern. The last session 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 197. The downside rally could be testing all the way through 194-191 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 203. A slide to 206 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 session 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 above a key resistance holding near 199. The downside rally could be testing all the way through 196-193 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 205. A slide to 208 is also a possibility if the price makes or break above the current resistance level.

Technical outlook

Natural gas daily chart has formed “Descending broadening wedge” pattern. The last session 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 207. The upside rally could be testing all the way through 210-213 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 198.