Naturalgas : Technical View : 21.11.2019
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On the daily chart, the price rose by 1.38% in
the last session.
Moreover, the price has taken support of the 50.00% Retracement level and 50 EMA, which indicates positive strength in the counter.
Also, the price has successfully sustained above the Ichimoku Cloud which confirms Bullishness.
Momentum indicator RSI (14) has shown a positive crossover, which adds more strength.
As per the above technical structure; we expect bullish move on the counter.
Moreover, the price has taken support of the 50.00% Retracement level and 50 EMA, which indicates positive strength in the counter.
Also, the price has successfully sustained above the Ichimoku Cloud which confirms Bullishness.
Momentum indicator RSI (14) has shown a positive crossover, which adds more strength.
As per the above technical structure; we expect bullish move on the counter.