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
A possible move on Brent Crude as it heads towards resistance
Emerging Channel Up pattern in its final wave was identified on the Brent Crude 1 hour chart. After…
Natural Gas is approaching 2.8575. We expect either a breakout through this line, or a rebound.
Natural Gas is about to retest a key horizontal support level near 2.8575. It has tested this level…
Breach of resistance could mean a start of a bullish trend on US Oil
US Oil moved through the resistance line of a Triangle at 64.98008333333334 on the 4 hour chart. This…