Category: Forex News, News
The CADCHF resumes the rise– Forecast today – 2-5-2025
Natural gas price attempted to renew the bullish attempts by its rally yesterday towards $3.550, but providing negative momentum by the main indicators, specifically stochastic exit from the overbought level, which pushed it to return to $3.440, easing the way for activating the bearish correctional track.
Therefore, we will begin preferring the bearish scenario, confirming that holding below the barrier at $3.600, reinforcing the chances for reaching $3.330 then targeting $3.210.
The expected trading range for today is between $3.330 and $3.520
Trend forecast: Bearish
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Written by : Editorial team of BIPNs
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