πŸ’‘ NATGAS . Weekly Technical Analysis Update

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.

❀️ If you find this helpful and want more FREE forecasts in TradingView

. . . . . Please show your support back,
. . . . . . . . Hit the πŸ‘ LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!

❀️ Your Support is very much πŸ™ appreciated!❀️
πŸ’Ž Want us to help you become a better Forex trader?

Now, It's your turn!
Be sure to leave a comment let us know how you see this opportunity and forecast.

Trade well, ❀️
ForecastCity English Support Team ❀️
HighAccurate forecast for
β˜…36 Forex Pairs: 916.000 pips track record profit
β˜…34 Cryptos
β˜…Gold, Silver, Oils, Gas
β˜…Best Profitable Trading Strategies

in 9 languages

since 2007
β˜…FREE Telegram


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
@TRADESBYZION, Thanks for your support. We appreciate it.
The best analysis has seen so far 😍...
+1 Reply
ForecastCity Best_Forecast
@Best_Forecast, Thank you very much
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out