Scroll up
News / Commodities / Natural Gas Prices Inch Upwards, Technical Outlook Signals Potential Upside Momentum

Natural Gas Prices Inch Upwards, Technical Outlook Signals Potential Upside Momentum

Published: 04.04.2024
Natural Gas (NG) prices saw a slight increase to $1.9270, up by 0.26%. Technical analysis suggests a pivot point at $1.91280, with resistance levels at $1.94680, $1.98020, and $2.01250, indicating potential upward momentum. Immediate support is at $1.87970, with further levels at $1.85030 and $1.82140, indicating areas of buying interest. The 50-day and 200-day EMAs at $1.8571 and $1.8834 respectively, suggest a bullish trend. However, dropping below the pivot point could signal a shift to a bearish market. Natural Gas remains strong above $1.91280, but vulnerabilities persist below this level.
Feel free to share our work. Thank you!
Disclaimer: The information and publications do not serve as, and should not be construed as, financial, investment, trading, or any other form of advice or recommendations endorsed or provided by Noirbull. Any expression of opinion (which may change without prior notice) reflects the author's personal viewpoint, and the author does not assert any representations or warranties regarding the accuracy or comprehensiveness of the information or analysis provided. Neither the authors nor Noirbull bear responsibility for any losses arising from investments made based on perceived recommendations, forecasts, or other information presented herein. The content of these publications should not be construed as a direct or implied assurance, guarantee, or indication by Noirbull that customers will profit or that losses associated with them can or will be mitigated if they rely solely on the information provided.

You Might Also Like: Latest Crypto Insights

Explore the most recent crypto news and updates to stay informed on market trends and investment opportunities.