Natural Gas Technical Analysis: Europe’s reserves steady building

avatar
· Views 44


Natural Gas prices have little reason to go either way in these conditions. Gas flow into Europe remains fragile and exposed, with any interruption enough to send Gas prices a few percentages higher. Meanwhile, easing tensions in the Middle East and Europe’s ability to secure enough Gas before the next heating season looks to be a bearish element that limits continuous upside price moves. 

The pivotal level near $3.08 (March 6, 2023, high) remains key after its false break last week. In addition, the red descending trendline at $3.10 will also weigh on this area as a cap. Further up, the fresh year-to-date high at $3.16 is the level to beat. 

On the downside, the 200-day Simple Moving Average (SMA) acts as the first support near $2.54. Should that support area fail to hold, the next target could be the pivotal level near $2.14, with interim support by the 55-day SMA near $2.46. Further down, the biggest support comes at $2.19 with the 100-day SMA. 


免責事項:本記事で述べられている見解は著者の見解のみであり、Followmeの公式見解を反映するものではありません。Followmeは、提供された情報の正確性、完全性、信頼性について一切責任を負いません。また、書面で明示的に記載されている場合を除き、本記事の内容に基づいて行われたいかなる行動についても責任を負いません。

この記事が気に入ったら、著者にチップを送って感謝の気持ちを表しましょう。
応答 0

古いコメントはありません。ソファをつかむ最初のものになりましょう。

  • tradingContest