NATGAS bearish pressure on support zone
The price of natural gas continues to put pressure on last week's $6.46-$6.60 support zone. The price failed to form a new higher high and climb above the 38.2% Fibonacci to better position itself. On the contrary, we see the formation of a new lower high and continuation to the bearish side. We are currently seeing the formation of a new lower low and a drop below last week's support. Potential lower targets are $6.2 and $6.00 levels.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.