Natural Gas

Technical outlook

Natural gas daily chart has formed “Falling wedge” pattern. The last few sessions ended up in sideways trend retesting near the channel’s resistance slope line. The market is expected to continue on bullish momentum based on the price action, once the same breaks above a key resistance holding at 192. The upside rally could be testing all the way through 194-198 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 180 level. Key support holds at 180.

Research Report call:

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Technical outlook

Natural gas daily chart has formed “Falling wedge” pattern. The last few sessions ended up in sideways trend retesting near the channel’s support slope line. The market is expected to continue on bullish momentum based on the price action, once the same breaks above a key resistance holding at 192. The upside rally could be testing all the way through 194-198 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 180 level. Key support holds at 180.

Research Report call:

Technical outlook

Natural gas daily chart has formed “Falling wedge” pattern. The last few sessions ended up in sideways trend retesting near the channel’s support slope line. The market is expected to continue on bullish momentum based on the price action, once the same breaks above a key resistance holding at 192. The upside rally could be testing all the way through 194-198 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 180 level. Key support holds at 180.

Research Report call:

Technical outlook

Natural gas daily chart has formed “Falling wedge” pattern. The last few sessions ended up in sideways trend retesting near the channel’s support slope line. The market is expected to continue on bullish momentum based on the price action, testing all the way through 190-196 levels in the upcoming sessions. Alternatively, if the market breaks below a key support holding at 180 then it might turn bearish once again. The downside rally could test up to 175 level. Key resistance holds at 196.

Research Report call:

Technical outlook

Natural gas daily chart has formed “Falling wedge” pattern. The last few sessions ended up in bearish trend retesting near the channel’s support slope line. The market is expected to continue on bearish momentum based on the price action, once the same breaks below a key support holding at 180. The downside rally could be testing all the way through 178-175 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 up to 190-196 level. Key resistance holds at 196.

Research Report call:

Technical outlook

Natural gas daily chart has formed “Falling wedge” pattern. The last few sessions ended up in bearish trend retesting near the channel’s support slope line. The market is expected to continue on bearish momentum based on the price action, once the same breaks below a key support holding at 182. The downside rally could be testing all the way through 198-195 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 190-196 level. Key resistance holds at 196.

Research Report call:

Technical outlook

Natural gas daily chart has formed “Falling wedge” pattern. The last few sessions ended up in consolidated retesting near the channel’s support slope line. The market is expected to continue on bullish momentum based on the price action, testing all the way through 195-200 levels in the upcoming sessions. Alternatively, if the market breaks below a key support holding at 183 then it might turn bearish once again. The downside rally could test up to 175 level. Key resistance holds at 200.

Research Report call:

Technical outlook

Natural gas daily chart has formed “Right angled ascending broadening 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, once the same breaks above a key resistance holding at 195. The upside rally could be testing all the way through 200-205 levels in the upcoming sessions. Alternatively, if the key resistance holds strong then the market might retest the same and turn bullish once again. The upside rally could test up to 185-180 level. Key support holds at 180.

Research Report call:

Technical outlook

Natural gas daily chart has formed “Right angled ascending broadening 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 182. The downside rally could be testing all the way through 198-195 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 192-200 level. Key resistance holds at 200.

Research Report call:

Technical outlook

Natural gas daily chart has formed “Right angled ascending broadening 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 180. The downside rally could be testing all the way through 175-170 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 190-200 level. Key resistance holds at 200.

Research Report call: