ForecastCity

πŸ’‘ NATGAS . Weekly Technical Analysis Update

CURRENCYCOM:NATURALGAS   Natural Gas
Midterm forecast:
While the price is below the resistance 3.000, beginning of downtrend is expected.
We make sure when the support at 2.250 breaks.
If the resistance at 3.000 is broken, the short-term forecast -beginning of downtrend- will be invalid.

Technical analysis:
While the RSI resistance #1 at 52 is not broken, the probability of price increase would be too low.
A trough is formed in daily chart at 2.378 on 12/08/2020, so more gains to resistance(s) 2.700 and maximum to Major Resistance (3.000) is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index ( RSI ) is 42.

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Comments

keep up the amazing work!
+2 Reply
ForecastCity Mehmetozdemi
@Mehmetozdemi, Thanks for your comment πŸ’ŽπŸ™πŸ’Ž We appreciate it
+1 Reply
Neat and beautiful chart. πŸ‘
+2 Reply
ForecastCity DenizKilicDeniz
@DenizKilicDeniz, Thank you for your comment. We appreciate it
+1 Reply
Cheers Fella
+2 Reply
ForecastCity Maxyirons
Cheers @Maxyirons, All the best with your trades.πŸ“ˆ
+1 Reply
Always on spot πŸ‘ŒπŸΎ
+1 Reply
ForecastCity TRADESBYZION
@TRADESBYZION, Thanks for your support. We appreciate it.
Reply
The best analysis has seen so far 😍...
+1 Reply
ForecastCity Best_Forecast
@Best_Forecast, Thank you very much
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