The price of Natural Gas in heading back to the support area. It is possible that it will struggle to break through it and move back in the other direction. The price may eventually break through, but typically the price retreats from the level a number of times before doing so.
Related Posts
Gold Spot is quickly approaching the resistance line of a Channel Up. We expect either a breakout through this line or a rebound.
Gold Spot was identified at around 3328.9805 having recently rebounded of the support on the 1 hour data…
Breach of 63.0270 could mean a start of a bullish trend on US Oil
A strong resistance level has been breached at 63.0270 on the 1 hour US Oil chart. Technical Analysis…
A possible move on Natural Gas as it heads towards support
Natural Gas was identified at around 3.219 having recently rebounded of the resistance on the 30 Minutes data…