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US Natural Gas (Spot) (XNGUSD)

NATURAL GAS FORECAST

Oleh Tradersammy
XNG is currently testing a resistance of 7.5 after testing a its support at 6.5 from which price was rejected to 6.9 its previous support by buyers forming a pin bar, price could break this resistence and possibly make a retest of 8.1 or fall back to 6.9 price level. Our MACD is about to cross giving a bullish momentumn. This is as a result of the embargo placed by Europe and its allies on Russian energy leading to high demand and scarcity of energy driving price up
Fundamental AnalysisTechnical IndicatorsTrend Analysis
Tradersammy

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