economic calendar<\/a>. <\/b><\/p>\n<\/div>\n[ad_2]<\/p>\n","protected":false},"excerpt":{"rendered":"
[ad_1] Further Weakness Likely Below $3.64 Further weakness towards lower potential support levels may follow a drop below today\u2019s low of $3.64. Potential support around the 20-Day and 50-Day MA, currently from $3.53 to $3.56 will likely be tested. Notice that the 20-Day line crossed below the 50-Day line today. That relationship should continue to provide clues going forward. Natural gas completed a $1.38 or 31.6% bearish correction at the $2.99 low two weeks ago. Given the subsequent $0.81 or 27% advance, as of today\u2019s high, it wouldn\u2019t be surprising to see a rest before it may be ready to proceed higher. Lower Support Other price levels to watch for support include the prior interim swing high at $3.39 from early January and this week\u2019s low at $3.35. The $3.39 price level is confirmed by the 50% retracement of the recent advance, which is $3.40. Further down is the 61.8% Fibonacci retracement at $3.03. The $3.30 price level is also the two-week low. Notice that in both cases, there are two indicators pointing to the same of similar price area. Long-term Bull Trend Remains Intact In the bigger picture, long-term bullish signals triggered the last quarter of 2024. There was the breakout of a large symmetrical triangle pattern and a bullish reversal of the long-term downtrend. The expectation is for the bull trend starting from the low of $1.52 to eventually continue once the correction is complete. Notice that the recent swing low that followed the $4.37, an almost two-year high, successfully found support around the initial bull breakout area of $3.02. The subsequent bullish reaction indicates the low was likely significant and it established a higher swing high for the price structure of the uptrend. For a look at all of today\u2019s economic events, check out our\u00a0economic calendar. [ad_2]<\/p>\n","protected":false},"author":1,"featured_media":34950,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[45],"tags":[],"class_list":["post-34949","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financas"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/posts\/34949","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/comments?post=34949"}],"version-history":[{"count":0,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/posts\/34949\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/media\/34950"}],"wp:attachment":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/media?parent=34949"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/categories?post=34949"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/tags?post=34949"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}