Natural Gas

Technical outlook

Natural gas daily chart has formed “Ascending broadening wedge” pattern. The last session ended up consolidated bullish in trend retesting near a key resistance zone inside the channel. The market is expected to continue in bullish term, once the same breaks above the current resistance zone holding at 208. The upside rally could be testing all the way through 210-212 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 202 level. Key support holds at 202.

Research Report call:

Technical outlook

Natural gas daily chart has formed “Ascending broadening wedge” pattern. The last session ended up bullish in trend after a negative correction inside the channel. The market is expected to continue in bullish term, once the same breaks above the current resistance zone holding at 208. The upside rally could be testing all the way through 210-212 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 200 level. Key support holds at 200.

Research Report call:

Technical outlook

 

Natural gas daily chart has formed “Ascending broadening wedge” pattern. The last session ended up bearish in trend after retesting a key resistance zone inside the channel. The market is expected to continue in bearish term for a while, testing all the way through 202-200 and furthermore levels in the upcoming sessions. Alternatively, if the market breaks above the key resistance which is holding at 208 then it might turn bullish once again. The upside rally could test up to 215 level. Key support holds at 200.

Research Report call:

Technical outlook

Natural gas daily chart has formed “Ascending broadening wedge” pattern. The last few sessions ended up consolidated but bullish in trend after retesting near the channel’s support slope line. The market is expected to continue in bullish term, once the same breaks above a key resistance holding at 208. The upside rally could be testing all the way through 210-215 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 200 level. Key support holds at 200.

Research Report call:

Technical outlook

Natural gas daily chart has formed “Ascending broadening wedge” pattern. The last few sessions ended up consolidated but bullish in trend after retesting near the channel’s support slope line. The market is expected to continue in bullish term, once the same breaks above a key resistance holding at 207. The upside rally could be testing all the way through 210-215 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 200 level. Key support holds at 200.

Research Report call:

Technical outlook

Natural gas daily chart has formed “Ascending broadening wedge” pattern. The last few sessions ended up consolidated but bullish in trend after retesting near the channel’s support slope line. The market is expected to continue in bullish term, once the same breaks above a key resistance holding at 204. The upside rally could be testing all the way through 206-208 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 196 level. Key support holds at 196.

Research Report call:

Technical outlook

Natural gas daily chart has formed “Ascending broadening wedge” pattern. The last few sessions ended up bullish in trend after retesting near the channel’s support slope line. The market is expected to continue in bullish term, once the same breaks above a key resistance holding at 204. The upside rally could be testing all the way through 206-208 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 196 level. Key support holds at 196.

Research Report call:

Technical outlook

Natural gas daily chart has formed “Ascending broadening wedge” pattern. The last few sessions ended up bullish in trend after retesting near the channel’s support slope line. The market is expected to continue in bullish term, once the same breaks above a key resistance holding at 203. The upside rally could be testing 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 up to 195 level. Key support holds at 195.

Research Report call:

Technical outlook

Natural gas daily chart has formed “Ascending broadening wedge” pattern. The last few sessions ended up bullish in trend after retesting near the channel’s support slope line. The market is expected to continue in bullish term, once the same breaks above a key resistance holding at 200. The upside rally could be testing all the way through 203-205 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 194 level. Key support holds at 194.

Research Report call:

Technical outlook

Natural gas daily chart has formed “Ascending broadening wedge” pattern. The last few sessions ended up bullish in trend after retesting near the channel’s support slope line. The market is expected to continue in bullish term, once the same breaks above a key resistance holding at 198. The downside rally could be testing all the way through 202-205 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 190 level. Key support holds at 190.

Research Report call: