Natural Gas Price Analysis: Approaches two-year low at $2.10 despite a less-than-expected drawdown DollarIndex Oil SupportResistance Volatility Inflation
Energy Information Administration for the week ending March 24.
The asset has formed a lower low while the momentum oscillator has not made a lower low yet. However, investors are required to use more filters for building bullish bias.On an hourly scale, Natural Gas futures have shown some signs of responsive buying near the critical support of $2.11, which could result in a Double Bottom chart pattern but still eyes more filters for confidence.
On the flip side, a break below March 30 low at $2.09 would expose the asset to fresh two-year low near the psychological resistance at $2.00.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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