Natural Gas Technical Analysis – H1
Natural Gas continues its downtrend after breaking sloping support at 2.720–2.730 on H1. Sellers are now targeting the 2.620–2.630 and 2.600 zones, with geopolitical positivity potentially accelerating the move.
The downtrend remains intact and has been reinforced following the break of the sloping support in the 2.720–2.730 zone. Within the development of such patterns, extremes are typically updated. Consequently, sellers’ current targets are located at 2.620–2.630 and 2.600.
Key Levels:
□ Resistance 2.720–2.730
□ Support 2.620–2.630
□ Support 2.600
Primary Scenario:
Decline toward 2.620 and 2.600.
Alternative Scenario:
Consolidation within the 2.690–2.740 range.
Analyst Commentary:
Positive developments on the Iran–US track will facilitate the technical realization of the downside move.
نيكولاي كريشتوبوف محلل أسواق في Investizo يتمتع بخبرة تزيد على 15 عامًا في قطاع الأسواق المالية وأكثر من عقد من الخبرة في التداول. تشمل مجالات اهتمامه أسواق الفوركس والعملات الرقمية، والتحليل الفني، والتداول اليومي، وسلوك السوق.