Natural Gas

Technical outlook

Natural gas daily chart has formed “Ascending broadening wedge” pattern. The last session ended up bearish in trend after few sideways rallies inside the channel. The market is expected to continue in bearish term, once the same breaks below a key support holding at 235. The downside rally could be testing all the way through 233-230 and furthermore 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 245 level. Key support holds at 245.

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Technical outlook

Natural gas daily chart has formed “Ascending broadening wedge” pattern. The last few sessions ended up bullish in trend along with some corrections inside the channel. The market is expected to continue in bullish term, once the same breaks above a key resistance holding at 245. The upside rally could be testing all the way through 248-250 and furthermore 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 235 level. Key support holds at 235.

Research Report call:

Technical outlook

Natural gas daily chart has formed “Ascending broadening wedge” pattern. The last session ended up bearish in trend opened on a gap up formation inside the channel. The market is expected to continue in bearish term, testing all the way through 235-232 and furthermore levels in the upcoming sessions. Alternatively, if the market breaks above a key resistance zone holding at 241 then it might turn bullish once again. The upside rally could test up to 245 level. Key support holds at 232.

Research Report call:

Technical outlook

Natural gas daily chart has formed “Ascending broadening wedge” pattern. The last session ended up bullish in trend after few negative rallies inside the channel. The market is expected to continue in bullish term, once the same breaks above the key resistance zone holding at 241. The upside rally could be testing all the way through 245-248 and furthermore 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 up to 232 level. Key support holds at 232.

Research Report call:

Technical outlook

Natural gas daily chart has formed “Ascending broadening wedge” 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 in bearish term, once the same breaks below the key support zone holding at 232. The downside rally could be testing all the way through 230-228 and furthermore 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 240 level. Key resistance holds at 240.

Research Report call:

Technical outlook

Natural gas daily chart has formed “Ascending broadening wedge” 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 in bearish term, once the same breaks below the key support zone holding at 235. The downside rally could be testing all the way through 232-230 and furthermore 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 243 level. Key resistance holds at 243.

Research Report call:

Technical outlook

Natural gas daily chart has formed “Ascending broadening wedge” pattern. The last few sessions ended up bearish in trend retesting near the channel’s resistance slope line. The market is expected to continue in bearish term, once the same breaks below the key support zone holding at 240. The downside rally could be testing all the way through 235-230 and furthermore 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 248 level. Key resistance holds at 248.

Research Report call:

Technical outlook

Natural gas daily chart has formed “Ascending broadening wedge” pattern. The last session ended up bearish in trend retesting near the channel’s resistance slope line. The market is expected to continue in bearish term, once the same breaks below the key support zone holding at 240. The downside rally could be testing all the way through 235-230 and furthermore 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 250 level. Key resistance holds at 250.

Research Report call:

Technical outlook

Natural gas daily chart has formed “Ascending broadening wedge” pattern. The last session ended up bullish in trend retesting near the channel’s resistance slope line. The market is expected to continue in bullish term, once the same breaks above the key resistance zone holding at 243. The upside rally could be testing all the way through 246-250 and furthermore 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 235.50 level. Key support holds at 235.50.

Research Report call:

Technical outlook

Natural gas daily chart has formed “Ascending broadening wedge” 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 in bearish term, once the same breaks below the key support zone holding at 230. The downside rally could be testing all the way through 228-225 and furthermore 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 236 level. Key resistance holds at 236.

Research Report call: