NGAS Outlook

GAS Quick long position active
Price entered a congestion phase between a 3,3380 $ and 3.1650
These are the key tracking levels that, as noted on the daily chart below, correspond to the Fibonacci levels and EMA
If prices continue to drop and close below the key support level found at $ 3,1650, we can see a further fall in natural gas prices that could reach the next area of support in area 3.0415.
On the bullish side, it would be possible to see a larger recovery only if the prices could break the key strength level in the 3,4137 .
In this case, prices could continue to rise up to the test of the next 3.5612 resistance zone.


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