The price of natural gas has been stable for two days and is in the range of $5.40-$5.60. We currently have support in the MA20 and MA50 moving averages, and now we need a break above $5.60 to try to continue the price recovery. Potential higher targets are $5.80 and $6.00 levels. We need a negative consolidation and a retest of the $5.40 level support for a bearish option. A price break below would increase the bearish pressure, and we could expect the price to continue falling. Potential lower targets are $5.20 and $5.00 levels.
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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.