Naturalgas : Technical View : 19.11.2019
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On the daily chart, the price slipped 2.80% in
the last session.
Moreover, the price has shown a breakdown from the 38.20% Retracement level, which indicates negative strength in the counter.
Also, the price has shifted below the Parabolic Sar, which signifies bearish strength.
Momentum indicator RSI (14) has shown a negative crossover, which adds more bearishness.
As per the above technical structure; we expect bearish move on the counter.
Moreover, the price has shown a breakdown from the 38.20% Retracement level, which indicates negative strength in the counter.
Also, the price has shifted below the Parabolic Sar, which signifies bearish strength.
Momentum indicator RSI (14) has shown a negative crossover, which adds more bearishness.
As per the above technical structure; we expect bearish move on the counter.