Tuesday, November 19, 2019

Naturalgas : Technical View : 20.11.2019

Naturalgas : Technical View : 20.11.2019

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On the daily chart, the price slipped 2.52% in the last session.

Moreover, the price has shown a breakdown from the 50.00% 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.