Natural Gas

Technical outlook

Natural gas daily chart has formed “Rising wedge” pattern. The last session ended up consolidated but bearish in trend after retesting near the channel’s support slope line. The market is expected to continue on the bullish term, once the same breaks above a key resistance holding at 203. The upside rally could test all the way through 205-207 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 200-197 levels. Key support holds at 197.

Research Report call:

Technical outlook

Natural gas daily chart has formed “Rising channel” pattern. The last session ended up bullish in trend retesting near the channel’s support slope line. The market is expected to continue on the bullish term, testing all the way through 204-206 levels in the upcoming sessions. Alternatively, if the market breaks below a key support holding at 198 then it might turn bearish once again. The downside rally could test 195-193 levels. Key resistance holds at 206.

Research Report call:

Technical outlook

Natural gas daily chart has formed “Rising channel” pattern. The last few sessions ended up bearish in trend near the channel’s support slope line. The market is expected to continue on the bearish term, once the same breaks below a key support holding at 196. The downside rally could test all the way through 194-192 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 198-202 levels. Key resistance holds at 202.

Research Report call:

Technical outlook

Natural gas daily chart has formed “Rising channel” pattern. The last few sessions ended up bearish candle in trend long after retesting near the channel’s support slope line 197. The market is expected to continue on the bullish trend, testing all the way through 208-210 levels in the upcoming sessions. Alternatively, if the market breaks below a key support holding at 197 then it might turn bearish once again. The downside rally could test 195-192 levels. Key support holds at 197.

Research Report call:

Technical outlook

Natural gas daily chart has formed “Rising channel” pattern. The last few sessions ended up bullish in trend long after retesting near the channel’s support slope line. The market is expected to continue on the bullish trend, testing all the way through 208-210 levels in the upcoming sessions. Alternatively, if the market breaks below a key support holding at 203 then it might turn bearish once again. The downside rally could test 202-200 levels. Key support holds at 200.

Research Report call:

Technical outlook

Natural gas daily chart has formed “Rising channel” pattern. The last few sessions ended up bullish in trend retesting near the channel’s support slope line. The market is expected to continue on the bullish trend, once the same breaks above a key resistance holding at 202. The upside rally could test all the way through 203-205 levels in the upcoming sessions. Alternatively, if the resistance holds strong then the market might retest the same and turn bearish. The downside rally could test 198-195 levels. Key support holds at 195.

Research Report call:

Technical outlook

Natural gas daily chart has formed “Rising channel” pattern. The last session ended up bullish in trend retesting near the channel’s support slope line. The market is expected to continue on the bullish trend, once the same breaks above a key resistance holding at 202. The upside rally could test all the way through 203-205 levels in the upcoming sessions. Alternatively, if the resistance holds strong then the market might retest the same and turn bearish. The downside rally could test 198-195 levels. Key support holds at 195.

Research Report call:

Technical outlook

Natural gas daily chart has formed “Rising channel” pattern. The last session ended up bearish in trend on a gap up formation inside the channel. The market is expected to continue on the bullish trend, once the same breaks above a key resistance holding at 202. The upside rally could test all the way through 203-205 levels in the upcoming sessions. Alternatively, if the resistance holds strong then the market might retest the same and turn bearish. The downside rally could test 198-195 levels. Key support holds at 195.

Research Report call:

Technical outlook

Natural gas daily chart has formed “Rising channel” pattern. The last session ended up bullish in trend on a gap up formation after retesting near the channel’s support slope line. The market is expected to continue on the bullish trend, once the same breaks above a key resistance holding at 201. The upside rally could test all the way through 202-204 levels in the upcoming sessions. Alternatively, if the resistance holds strong then the market might retest the same and turn bearish. The downside rally could test 198-196 levels. Key support holds at 196.

Research Report call:

Technical outlook

Natural gas daily chart has formed “Rising channel” pattern. The last session ended up bearish in trend near the channel’s support slope line. The market is expected to retest the same and turn bullish once again, testing all the way through 198-202 levels in the upcoming sessions. Alternatively, if the market breaks below a key support holding at 193 then it might turn bearish. Key resistance holds at 202.

Research Report call:

Technical outlook

Natural gas daily chart has formed “Rising channel” pattern. The last session ended up bullish in trend after retesting near the channel’s support slope line. The market is expected to continue on bullish term, testing all the way through 200-203 levels in the upcoming sessions. Alternatively, if the market breaks below a key support holding at 193 then it might turn bearish. Key resistance holds at 203.

Research Report call:

Technical outlook

Natural gas daily chart has formed “Rising channel” pattern. The last few sessions ended up bearish in trend near the channel’s support slope line. The market is expected to retest the same and turn bullish once again, testing all the way through 197-200 levels in the upcoming sessions. Alternatively, if the market breaks below a key support holding at 192.50 then it might turn bearish. The downside rally could test 190-187 levels. Key resistance holds at 200.

Research Report call:

Technical outlook

Natural gas daily chart has formed “Rising channel” pattern. The last few sessions ended up bearish in trend near the channel’s support slope line. The market is expected to retest the same and turn bullish once again, testing all the way through 198-200 levels in the upcoming sessions. Alternatively, if the market breaks below a key support holding at 193 then it might turn bearish. The downside rally could test 191-189 levels. Key resistance holds at 200.

Research Report call:

Technical outlook

Natural gas daily chart has formed “Rising channel” pattern. The last few sessions ended up consolidated but bearish in trend inside the channel. The market is expected to continue on a bullish momentum, testing all the way through 200-203 levels in the upcoming sessions. Alternatively, if the market breaks below a key support holding at 195 then it might turn bearish. The downside rally could test 193-191.50 levels. Key resistance holds at 203.

Research Report call:

Technical outlook

Natural gas daily chart has formed “Rising channel” pattern. The last session ended up consolidated but bearish in trend inside the channel. The market is expected to continue on a bullish momentum, testing all the way through 201-203 levels in the upcoming sessions. Alternatively, if the market breaks below a key support holding at 195 then it might turn bearish. The downside rally could test 193-191.50 levels. Key resistance holds at 203.

Research Report call:

Technical outlook

Natural gas daily chart has formed “Rising channel” pattern. The last few sessions ended up bullish in trend after retesting an interim slope trend line inside the channel. The market is expected to continue on a bearish momentum, testing all the way through 201-203 levels in the upcoming sessions. Alternatively, if the market breaks below a key support holding at 195 then it might turn bearish. The downside rally could test 193-191.50 levels. Key support holds at 191.50.

Research Report call:

Technical outlook

Natural gas daily chart has formed “Rising channel” pattern. The last few sessions ended up bearish in trend after retesting near the channel’s resistance slope line. The market is expected to continue on a bearish momentum, testing all the way through 193-191.50 levels in the upcoming sessions. Alternatively, if the market breaks above a key resistance holding at 202.50 then it might turn bullish. Key support holds at 191.50.

Research Report call:

Technical outlook

Natural gas daily chart has formed “Rising channel” pattern. The last sessions ended up bearish in trend retesting near the channel’s resistance slope line. The market is expected to continue on a bearish momentum, testing all the way through 195-192 levels in the upcoming sessions. Alternatively, if the market breaks above a key resistance holding at 202.50 then it might turn bullish. The upside rally could test 205-208 levels. Key support holds at 192.

Research Report call:

Technical outlook

Natural gas hourly chart has formed “Right angled ascending broadening” pattern. The last sessions ended up bearish in trend retesting near the channel’s resistance slope line. The market is expected to continue on a bearish momentum, testing all the way through 201-199 levels in the upcoming sessions. Alternatively, if the market breaks above a key resistance holding at 202.50 then it might turn bullish. The upside rally could test 205-208 levels. Key support holds at 199.

Research Report call:

Technical outlook

Natural gas daily chart has formed “Rising channel” pattern. The last few sessions ended up consolidated near the channel’s resistance slope line. The market is expected to continue on a bearish momentum, testing all the way through 199-197.50 levels in the upcoming sessions. Alternatively, if the market breaks above a key resistance holding at 202 then it might continue in bullish momentum. The upside rally could test 205-208 levels. Key support holds at 197.50.

Research Report call:

Technical outlook

Natural gas daily chart has formed “Rising channel” pattern. The last few sessions ended up in bearish in trend retesting near the channel’s resistance slope line. The market is expected to continue on a bearish momentum, testing all the way through 198-195 levels in the upcoming sessions. Alternatively, if the market breaks above a key resistance holding at 202 then it might continue in bullish momentum. The upside rally could test 205-208 levels. Key support holds at 195.

Research Report call:

Technical outlook

Natural gas daily chart has formed “Rising channel” pattern. The last few sessions ended up in strong bullish in trend near the channel’s resistance slope line. The market is expected to retest the resistance slope line and turn bearish. The downside rally could test all the way through 198-195 levels in the upcoming sessions. Alternatively, if the market breaks above a key resistance holding at 202 then it might continue in bullish momentum. The upside rally could test 205-208 levels. Key support holds at 195.

Research Report call:

Technical outlook

Natural gas daily chart has formed “Rising channel” pattern. The last session ended up in strong bullish in trend inside the channel. The market is expected to continue on a bullish momentum, testing all the way through 200-202 levels in the upcoming sessions. Alternatively, if the market breaks below a key support holding at 195 then it might turn bearish once again. The downside rally could test 193-190 levels. Key resistance holds at 202.

Research Report call:

Technical outlook

Natural gas daily chart has formed “Rising channel” pattern. The last few sessions ended up in consolidation inside the channel. The market is expected to continue on a bullish momentum, once the same breaks above a key resistance holding at 195. The upside rally could test all the way through 197-200 levels in the upcoming sessions. Alternatively, if the key resistance holds strong then the market might retest the same and turn bearish once again. The downside rally could test 190-188 levels. Key support holds at 188.

Research Report call:

Technical outlook

Natural gas daily chart has formed “Rising channel” pattern. The last few sessions ended up bullish in trend after retesting the channel’s support slope line. The market is expected to continue on a bullish momentum, once the same breaks above a key resistance holding at 195. The upside rally could test all the way through 197-200 levels in the upcoming sessions. Alternatively, if the key resistance holds strong then the market might retest the same and turn bearish once again. The downside rally could test 190-188 levels. Key support holds at 188.

Research Report call:

Technical outlook

Natural gas daily chart has formed “Rising channel” pattern. The last few sessions ended up bullish in trend after retesting the channel’s support slope line. The market is expected to continue on a bullish momentum, once the same breaks above a key resistance holding at 195. The upside rally could test all the way through 197-200 levels in the upcoming sessions. Alternatively, if the key resistance holds strong then the market might retest the same and turn bearish once again. The downside rally could test 190-189 levels. Key support holds at 189.

Research Report call:

Technical outlook

Natural gas daily chart has formed “Rising wedge” pattern. The last few sessions ended up retesting the channel’s resistance slope line. The market is expected to continue on a bearish momentum, testing all the way through 190-189 levels in the upcoming sessions. Once the market reaches the key support at 189 then it might retest the same and turn bullish once again. The upside rally could test 192-195 levels. Alternatively, if the market breaks below the key support then it might continue in bearish momentum. Key resistance holds at 195.

Research Report call:

Technical outlook

Natural gas daily chart has formed “Rising wedge” pattern. The last few sessions ended up bullish in trend near the channel’s resistance slope line. The market is expected to continue in bullish momentum, once the same breaks above a key resistance holding at 195. The upside rally could test all the way through 197-200 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 193-190 levels. Key support holds at 190.

Research Report call:

Technical outlook

Natural gas daily chart has formed “Rising wedge” pattern. The last few sessions ended up bullish in trend after retesting the channel’s support slope line. The market is expected to continue in bullish momentum, testing all the way through 194-196 levels in the upcoming sessions. Alternatively, if the market happens to break below a key support holding at 188 then it might turn bearish. Key resistance holds at 196.

Research Report call:

Technical outlook

Natural gas daily chart has formed “Rising wedge” pattern. The last few sessions ended up bullish in trend after retesting the channel’s support slope line. The market is expected to continue in bullish momentum, once the same breaks above a key resistance holding at 191. The upside rally could test all the way through 193-196 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 188-186 levels. Key support holds at 186.

Research Report call:

Technical outlook

Natural gas daily chart has formed “Rising wedge” pattern. The last session ended up bullish in trend after retesting the channel’s support slope line. The market is expected to continue in bullish momentum, once the same breaks above a key resistance holding at 190. The upside rally could test all the way through 192-195 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 187-185 levels. Key support holds at 185.

Research Report call:

Technical outlook

Natural gas daily chart has formed “Rising wedge” pattern. The last few sessions ended up retesting near the channel’s support slope line. The market is expected to continue in bullish momentum, once the same breaks above a key resistance holding at 186.50. The upside rally could test all the way through 188-190 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 184-182.50 levels. Key support holds at 182.50.

Research Report call:

Technical outlook

Natural gas daily chart has formed “Rising wedge” pattern. The last few sessions ended up retesting near the channel’s support slope line. The market is expected to continue in bearish momentum, once the same breaks below a key support holding at 182. The downside rally could test all the way through 180-175 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 185-190 levels. Key resistance holds at 190.

Research Report call:

Technical outlook

Natural gas daily chart has formed “Rising wedge” pattern. The last few sessions ended up retesting near the channel’s support slope line. The market is expected to continue in bullish momentum, testing all the way through 186.50-190 levels in the upcoming sessions. Alternatively, if the market breaks below the key support holding at 182 then it might turn bearish once again. The downside rally could test 180-175 levels. Key resistance holds at 190.

Research Report call:

Technical outlook

Natural gas daily chart has formed “Rising channel” pattern. The last session ended up retesting near the channel’s support slope line. The market is expected to continue in bearish momentum, once the same breaks below the key support holding at 180. The downside rally could test all the way through 178-176 levels in the upcoming sessions. Alternatively, if the support holds strong then the market might retest the same and turn bullish once again. The upside rally could test 185-190 levels. Key resistance holds at 190.

Research Report call:

Technical outlook

Natural gas 4hr chart has formed “Rising channel” pattern. The last session ended up bearish in trend as the prices have broken out the channel’s support slope line. The market is expected to continue in bearish momentum, once the same breaks below the key support holding at 181. The downside rally could test all the way through 179-176 levels in the upcoming sessions. Alternatively, if the support holds strong then the market might retest the same and turn bullish once again. The upside rally could test 184-186 levels. Key resistance holds at 186.

Research Report call:

Technical outlook

Natural gas 4hr chart has formed “Rising channel” pattern. The last session ended up bearish in trend near the channel’s support slope line. The market is expected to continue in bearish momentum, once the same breaks below the key support holding at 184. The downside rally could test all the way through 182-180 levels in the upcoming sessions. Alternatively, if the support holds strong then the market might retest the same and turn bullish once again. The upside rally could test 187-190 levels. Key resistance holds at 190.

Research Report call:

 Technical outlook

Natural gas 4 H chart has formed “Rising Channel Pattern” in this pattern prices indicating support line at 182. If break below then further downside will be extended to 177-175. If alternatively price notbreak below then turn bullish trend again reach upside rally towards at 188-190 level.

Research Report call:

 Technical outlook

Natural gas Daily chart has formed “Rising Channel Pattern” in this pattern prices currently closed on support area at 186. If break below then further downside will be extended to 182-180. If alternatively price not break below then turn bullish trend again reach upside rally towards at 188-190 level.

Research Report call:

Technical outlook

Natural gas Daily chart has formed “Rising Channel Pattern” The last session ended nearby channel’s resistance slope line 190. The market is expected to continue in bullish momentum to touch 191-193.

Natural gas strongly recommended buying around 189-188 level which will be reacting day support range.

Research Report call:

Technical outlook

Natural gas daily chart has formed “Rising wedge” pattern. The last few sessions ended up bullish in trend near the channel’s resistance slope line. The market is expected to continue in bullish momentum, once the same breaks above the key resistance holding at 186.50. The upside rally could test all the way through 190-192 levels in the upcoming sessions. Alternatively, if the key resistance holds strong then the market might retest the same and turn bearish once again. The downside rally could test 184-180 levels. Key support holds at 180.

Research Report call:

Technical outlook

Natural gas daily chart has formed “Rising wedge” pattern. The last few sessions ended up bullish in trend near the channel’s resistance slope line. The market is expected to continue in bullish momentum, once the same breaks above the key resistance holding at 185. The upside rally could test all the way through 188-190 levels in the upcoming sessions. Alternatively, if the key resistance holds strong then the market might retest the same and turn bearish once again. The downside rally could test 182-180 levels. Key support holds at 180.

Research Report call:

Technical outlook

Natural gas daily chart has formed “Ascending broadening wedge” pattern. The last few sessions ended up bullish in trend retesting the channel’s support slope line. The market is expected to continue in bullish momentum, once the same breaks above the key resistance holding at 183. The upside rally could test all the way through 185-190 levels in the upcoming sessions. Alternatively, if the key resistance holds strong then the market might retest the same and turn bearish once again. The downside rally could test 180-175 levels. Key support holds at 175.

Research Report call:

Technical outlook

Natural gas daily chart has formed “Bullish Diamond chart” pattern. The last session ended up bullish in trend as the prices have already broken out the channel’s resistance slope line. The market is expected to continue in bullish momentum, once the same breaks above the key resistance holding at 183. The upside rally could test all the way through 185-190 levels in the upcoming sessions. Alternatively, if the key resistance holds strong then the market might retest the same and turn bearish once again. The downside rally could test 178-175 levels. Key support holds at 175.

Research Report call:

Technical outlook

Natural gas daily chart has formed “Bullish Diamond chart” pattern. The last session ended up bearish in trend as the prices have already broken out the channel’s resistance slope line. The market is expected to continue in bearish momentum, once the same breaks below the key support holding at 175. The downside rally could test all the way through 173-170 levels in the upcoming sessions. Alternatively, if the support holds strong then the market might retest the same and turn bullish once again. The upside rally could test 178-182 levels. Key resistance holds at 182.

Research Report call:

Technical outlook

Natural gas daily chart has formed “Bullish Diamond chart” pattern. The last few sessions ended up bullish in trend as the prices have already broken out the channel’s resistance slope line. The market is expected to continue in bullish momentum, once the same breaks above the key resistance holding at 182.50. The upside rally could test all the way through 185-188 levels in the upcoming sessions. Alternatively, if the resistance holds strong then the market might retest the same and turn bearish. Key support at holds 175.

Research Report call:

Technical outlook

Natural gas daily chart has formed “Bullish Diamond chart” pattern. The last few sessions ended up bullish in trend as the prices have already broken out the channel’s resistance slope line. The market is expected to continue in bullish momentum, once the same breaks above the key resistance holding at 182. The upside rally could test all the way through 185-188 levels in the upcoming sessions. Alternatively, if the resistance holds strong then the market might retest the same and turn bearish. Key support at holds 175.

Research Report call:

Technical outlook

Natural gas daily chart has formed “Bullish Diamond chart” pattern. The last few sessions ended up bullish in trend as the prices have already broken out the channel’s resistance slope line. The market is expected to continue in bullish momentum, once the same breaks above the key resistance holding at 182. The upside rally could test all the way through 185-188 levels in the upcoming sessions. Alternatively, if the resistance holds strong then the market might retest the same and turn bearish. Key support at holds 175.

Research Report call:

Technical outlook

Natural gas daily chart has formed “Bullish Diamond chart” pattern. The last session ended up bullish in trend as the prices have broken out the channel’s resistance slope line. The market is expected to continue in bullish momentum, once the same breaks above the key resistance holding at 180. The upside rally could test all the way through 182-184 levels in the upcoming sessions. Alternatively, if the resistance holds strong then the market might retest the same and turn bearish. The downside rally could test 177-175 levels. Key support at holds 175.

Research Report call:

Technical outlook

Natural gas daily chart has formed “Ascending broadening wedge” pattern. The last few sessions seems consolidated but ended up bullish in trend. The market is expected to continue in bullish momentum, once the same breaks above the key resistance holding at 177. The upside rally could test all the way through 180-182 levels in the upcoming sessions. Alternatively, if the resistance holds strong then the market might retest the same and turn bearish. The downside rally could test 173-170 levels. Key support at holds 170.

Research Report call:

Technical outlook

Natural gas daily chart has formed “Ascending broadening wedge” pattern. The last few sessions seems consolidated but bearish in trend. The market is expected to continue in bearish trend to retest the support level and turn bullish. The downside rally could test all the way through 172-170 levels in the upcoming sessions. Once the market reaches the support and turn bullish, the upside rally could test 175-180 levels. Alternatively, if the market breaks below the key support then it might continue in bearish momentum. Key resistance at holds 180.

Research Report call:

Technical outlook

Natural gas daily chart has formed “Ascending broadening wedge” pattern. The last session ended up bearish in trend near a key support holding at 172. The market is expected to retest the support level and turn bullish. The upside rally could test all the way through 174-178-180 levels in the upcoming sessions. Alternatively, if the market breaks below the key support then it might continue in bearish momentum. the downside rally could test 170-188 levels. Key resistance at holds 180.

Research Report call:

Technical outlook

Natural gas daily chart has formed “Ascending broadening wedge” pattern. The last session has formed a “Hammer” candlestick pattern which could be read as a trend reversal once. The market is expected to continue in bearish momentum, once the same breaks below a key support holding at 174. The downside rally could test all the way through 172-170 levels in the upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish. Key resistance at holds 180.

Research Report call:

Technical outlook

Natural gas daily chart has formed “Ascending broadening wedge” pattern. The last few sessions seems consolidated inside the channel. The market is expected to continue in bearish momentum, once the same breaks below a key support holding at 174. The downside rally could test all the way through 172-170 levels in the upcoming sessions. Once the market reaches the channel’s support slope line then it might retest the same and turn bullish once again. Key resistance at holds 180.

Research Report call:

Technical outlook

Natural gas 4hr chart has formed “Descending megaphone chart” pattern. The last session ended up bearish in trend after retesting near the channel’s resistance slope line. The market is expected to continue in bearish momentum, once the same breaks below a key support holding at 172.50. The downside rally could extend all the way through 170-167 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 176-180 levels. Key resistance holds at 180.

Research Report call:

 Technical outlook

Natural gas hourly chart has formed “Rising wedge” pattern along with a “Descending megaphone chart”. The last sessions ended up consolidated and retesting the megaphone’s resistance slope line. The market is expected to continue in bearish momentum, testing all the way through 176-174 levels in the upcoming sessions. Alternatively, if the market breaks above a key resistance holding at 180 then it might turn bullish. The upside rally could test 182-184 levels. Key support at 174.

Research Report call:

Technical outlook

Natural gas hourly chart has formed “Rising channel” pattern. The last session ended up consolidated near the channel’s support slope line. The market is expected to continue in bullish momentum, once the same breaks above a key resistance holding at 177. The upside rally could test all the way through 179-181 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 175-171 levels. Key support holds at 171.

Research Report call:

Technical outlook

Natural gas daily chart has formed “Symmetrical triangle” pattern. The last session ended up bearish in trend after retesting the channel’s resistance slope line. The market is expected to continue in bearish momentum, once the same breaks below the key support holding at 173. The downside rally could test all the way through 171-169 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 176-178 levels. Key resistance holds at 178.

Research Report call:

Technical outlook

Natural gas daily chart has formed “Rectangle chart” pattern. The last few sessions been bullish in trend after retesting the channel’s support line. The market is expected to continue in bullish momentum for a while to retest the channel’s resistance line. The upside rally could test all the way through 180-182 levels in the upcoming sessions. Once the market reaches the key resistance at 182 then it might retest the same and turn bearish. Alternatively, if the market breaks above the key resistance then it might continue in bullish term once again. Key support holds at 175.

Research Report call:

Technical outlook

Natural gas hourly chart has formed “Falling channel” pattern. The last session ended up consolidated as the prices have broken out the channel’s resistance slope line. The market is expected to retest a key resistance level holding near 177 and turn bearish. The downside rally could test all the way through 175-173 levels in the upcoming sessions. Alternatively, if the market breaks above resistance hurdle level then it might continue in bullish momentum. The upside rally could test 179-182 levels. Previous resistance become support at 173.

Research Report call: