Natural Gas Price Analysis: 200-EMA remains a key barrier Gas DollarIndex SupportResistance ChartPatterns Reversal
ny direction as investors are awaiting the release of the stockpiles for the week ending June 02 by the United States Energy Information Administration on Thursday.despite the announcement of production cuts by Saudi Arabia to provide some cushion.
pattern formed on an hourly scale. The energy instrument is struggling to surpass the immediate resistance plotted around $2.35. The Relative Strength Index is oscillating in the 40.00-60.00 range, indicating a non-directional performance. In an alternate scenario, a decisive drop below June 06 low at $2.24 will drag the asset toward June 01 low at $2.18. A break below the latter will expose the asset to May 05 low around $2.10.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.
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