TAG: natural_gas
The Natural Gas Market at a Crossroads
The price of natural gas has tested the broken level of 2.00 and closely approached the years-long minimum point, that is, the supporting level of 1.44. In this case, two scenarios are possible. The price of this asset might drop to the level of 1.44, reb...
6 months ago
Dollar Steady Amidst Geopolitical Calm, Eyes on US Data and Central Banks
In the wake of a relatively tranquil weekend marked by the absence of further escalations between Iran and Israel, the US Dollar has maintained its steady stance on Monday. Investors are breathing a collective sigh of relief as the absence of fresh geopol...
5 months ago
Natural Gas Futures (NG1!) | H4 Rising into Resistance
Natural Gas Futures (NG1!) | H4 Rising into ResistanceType:Bearish ReversalKey Levels:Resistance: 2.448Pivot: 2.146Support: 1.838Preferred Case:Looking at the H4 chart, my overall bias for natural gas futures (NG1!) is bearish due to the price trading und...
2 months ago
Natural Gas Forecast: Potential Price Rise Ahead
The price of natural gas has formed an engulfing at the end of the last trading week. This engulfing is touching a very strong psychological support level of 2.00. The combination of the candlesticks and technical trendlines on the chart below signifies p...
2 months ago
Natural Gas Forecast: The Price Reversal Ahead!
The price of natural gas keeps moving in a very narrow range. As for now, the price of this asset rebounded from the level of 2.3 to test the level of 2.0. It is also important to note the upcoming formation of the inverse head and shoulders. This pattern...
1 month ago
Natural Gas (NG1!) H4 | Potential Bullish Bounce off 61.8% Fibonacci Support
Natural Gas (NG1!) H4 | Potential Bullish Bounce off 61.8% Fibonacci SupportType:Bullish BounceKey Levels:Resistance: 2.27Pivot: 2.04Support: 1.88Preferred Case:Looking at the H4 chart, my overall bias for Natural Gas futures (NG1!) is bullish due to the...
1 month ago
EUR/USD Forecast: Potential Price Drop Ahead
The price of the currency pair EUR/USD rebounded and dived under the broken resistance level of 1.1140, trying to form a fine bearish engulfing at the end of the trading day. This might also signify the completed formation of the bullish trap. Now, the pr...
1 month ago
Natural Gas Forecast: Potential Price Rise Ahead
The price of the currency pair EUR/USD rebounded from the level of 1.1140 and dropped. Now, the price of this asset is testing the supporting level of 1.1000. Should the price of this currency pair undergo correction, it might break the support, drop, and...
1 month ago
EUR/USD Forecast: Potential Price Correction Ahead
Last week, the price of natural gas jumped. After that, it rebounded from the resistance level of 3.0 and underwent correction at the end of the trading week. The price of this asset is likely to dive even deeper and gain the required support at the level...
2 days ago