Fibonacci Extension measured from $4.75 low to $7.60 high shows that $2.989 level coincides with 1.618% extension and on this basis we think that the current bearish drop can pause at $2.989 and start a short term rebound towards resistance zone of $4.75
The rebound rally will have several twists and turns en route to $4.75 destination.
However, this is our projection based on Fibonacci Extension.
Natural Gas is a weather driven commodity which runs more on fundamentals than technical factors.
The rebound rally will have several twists and turns en route to $4.75 destination.
However, this is our projection based on Fibonacci Extension.
Natural Gas is a weather driven commodity which runs more on fundamentals than technical factors.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.