XNGUSD CONTINUES ITS DOWNWARD TREND. FOR HOW LONG?
Recent bearish impulse started at the beginning of this week may come to an end soon. Yesterday the U.S. Natural Gas Storage report came out. Numbers appeared to be lower than expected and lower than previous. (23b vs 28b vs 46b). This is bullish signal for the market participants. Minutes after the report came out, market reacted bullish, however, soon price went sideways.
Right now gas prices continue to decline. Still, the opportunity for short-sellers here is quite limited. Not so far below there is a level of 3.0000, form where I expect the price to rebound, supposedly to a 3.3000.
Recent bearish impulse started at the beginning of this week may come to an end soon. Yesterday the U.S. Natural Gas Storage report came out. Numbers appeared to be lower than expected and lower than previous. (23b vs 28b vs 46b). This is bullish signal for the market participants. Minutes after the report came out, market reacted bullish, however, soon price went sideways.
Right now gas prices continue to decline. Still, the opportunity for short-sellers here is quite limited. Not so far below there is a level of 3.0000, form where I expect the price to rebound, supposedly to a 3.3000.
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XNGUSD CONTINUES ITS DOWNWARD TREND. FOR HOW LONG?Recent bearish impulse started at the beginning of this week may come to an end soon. Yesterday the U.S. Natural Gas Storage report came out. Numbers appeared to be lower than expected and lower than previous. (23b vs 28b vs 46b). This is bullish signal for the market participants. Minutes after the report came out, market reacted bullish, however, soon price went sideways.
Right now gas prices continue to decline. Still, the opportunity for short-sellers here is quite limited. Not so far below there is a level of 3.0000, form where I expect the price to rebound, supposedly to a 3.3000.
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Join me, I'll guide you to PROFITABLE TRADING💵!
Telegram Channel: t.me/forextradersliveofficial
Telegram Channel: t.me/forextradersliveofficial
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.