Naturalgas : Technical View : 18.11.2019
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On the daily chart, the price glittered 0.78% in the last session.
Moreover, the price has sustained the 38.6% retracement level of it’s prior up trend, which
indicates bullish strength in the counter.
Also, the price has taken support of the Bollinger Band Median, which signifies bullish
strength.
Momentum indicator Stochastic(6) has shown a fresh positive crossover, which adds more
bullishness.
As per the above technical structure; we expect bullish move on the counter.
Moreover, the price has sustained the 38.6% retracement level of it’s prior up trend, which
indicates bullish strength in the counter.
Also, the price has taken support of the Bollinger Band Median, which signifies bullish
strength.
Momentum indicator Stochastic(6) has shown a fresh positive crossover, which adds more
bullishness.
As per the above technical structure; we expect bullish move on the counter.