Natural Gas finds support in moving averages

Note: This section contains information in English only.
Source: Dukascopy Bank SA


Since the last review of the price for natural gas on February 3, the price has bounced off the 5.5175/5.5785 zone, which was marked on the chart. The event was followed by a sharp decline and a short lived piercing of the support of the 4.000 mark. The new reference points were used to mark a channel up pattern.

Since mid-February, the price has been recovering. During the recovery, natural gas has been encountering resistance at 5.0000 and 5.2000, Meanwhile, support was provided mostly by he 50-day simple moving average.

If the commodity price continues to surge, it would face resistance at 5.0000, 5.2000 and 5.4000, before approaching the high level zone at 5.5175/5.5785.

However, a potential decline of natural gas is expected to find support in the 4.8000 mark, before approaching the 50-day simple moving average near 4.5330.
Back to articles

Actual Topics

Tue, 22 Mar 2022 12:07:29 GMT

Copper books new high level

As the world set up sanctions on Russia for invading Ukraine, the price for copper started a surge on February 27. The sharp surge pierced the 2021 high levels and the absolute high level of the year at 4.8900. The surge ended at the 5.0450 mark, as the commodity booked a new 2022 high. Afterwards, the price declined back

Fri, 18 Mar 2022 10:31:42 GMT

USD/DKK tests support zone

The USD/DKK currency exchange rate has been in a large scale channel up pattern since late 2020. The pair started March of 2022 with a bounce off from the upper trend line of the channel pattern. Since then, throughout the month the pair has been finding support in the January and February high level zone at 6.6875/6.7000. A recovery of

Subscribe to "Fundamental Analysis" feed

Subscribe
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.