NAS IDEA
Updated
Natural gas target > 7.5$
Natural gas price repeated the positive closings above the moving average 55, to form additional support at 6.750 in order to confirm confining trades within the bullish track that appears on the chart.
Stochastic attempt to provide the positive momentum will assist to reinforce the chances of recoding many positive targets that might start at 7.200 and 7.650.
The expected trading range for today is between 6.800 and 7.650
Natural gas price repeated the positive closings above the moving average 55, to form additional support at 6.750 in order to confirm confining trades within the bullish track that appears on the chart.
Stochastic attempt to provide the positive momentum will assist to reinforce the chances of recoding many positive targets that might start at 7.200 and 7.650.
The expected trading range for today is between 6.800 and 7.650
Note
BUY 5.3$-5.5$Target 7.5$
Trade closed manually
Gas prices are falling against the background of the European Union's approval of the upper dynamic limit of gas prices at the level of 180 euros per megawatt-hour (about 1.85 thousand euros per 1 thousand cubic meters) and COVID restrictions in China.
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.