Category: Forex News, News
Natural Gas and Oil Forecast: Oil Rallies on US Stockpiles Drop, Brent at $85
Natural Gas (NG) futures are trading lower at $2.30, down 0.82% for the day. The 4-hour chart reveals a bearish bias, with prices trading below both the 50-day and 200-day exponential moving averages (EMAs) of $2.18 and $2.38, respectively.
The pivot point at $2.06 is a critical level to watch. A break below this could accelerate the downtrend towards the support levels of $1.98, $1.92, and $1.85. Conversely, a move above $2.06 could signal a potential reversal, with the next resistance levels at $2.13, $2.21, and $2.28.
Source link
Written by : Editorial team of BIPNs
Main team of content of bipns.com. Any type of content should be approved by us.
Share this article:









