Natural gas price faces solid support – Forecast today – 28-3-2024
Economies.com
2024-03-28 05:37AM UTC
Natural Gas Price Analysis and Forecast
Expected Scenarios
- Faced solid historical support at 1.540$ yesterday.
- Formed strong positive rebound and tested 2.000$ barrier.
- Turned back to fluctuate negatively below 1.810$.
- Contradiction between major indicators.
This increases the efficiency of the sideways track, expecting continuous fluctuation between the mentioned major levels. Stay neutral until surpassing one of these levels to manage to confirm the next expected trend.
Trading Range Forecast
The expected trading range for today is between 1.820$ and 1.550$.
Trend Forecast
Neutral
Commodities News
Commodities
Gold moves in a positive zone ahead of US inflation data
2024-05-15 09:19AM UTC
Gold prices rose in European trade on Wednesday, extending gains for the second straight day and ...
Commodities
Gold climbs ahead of inflation data, Powell's speech
2024-05-14 08:35AM UTC
Gold prices rose in European trade on Tuesday, resuming gains after a short hiatus, as US 10-year ...
Commodities
Copper extends gains in challenge to global geopolitical concerns
2024-05-13 15:50PM UTC
Copper prices rose on Monday as the dollar inched down against most major rivals despite ongoing ...
Commodities Technical Analysis
Commodities
Crude oil price forecast update 15-05-2024
2024-05-15 09:29AM UTC
Crude Oil Price Analysis Expected Scenario Crude oil price fluctuates within a tight ...
Commodities
Silver price forecast update 15-05-2024
2024-05-15 09:29AM UTC
Silver Price Analysis Expected Scenario Silver price continues to rise to achieve our ...
Commodities
Gold price forecast update 15-05-2024
2024-05-15 09:28AM UTC
Gold Price Analysis Expected Scenario Gold price shows clear positive trades now to ...