economic calendar<\/a>. <\/b><\/p>\n<\/div>\n[ad_2]<\/p>\n","protected":false},"excerpt":{"rendered":"
[ad_1] 38.2% Fibonacci Retracement Completed Although Monday\u2019s low completes what could be a minimum pullback for the developing uptrend, it wouldn\u2019t be surprising to see a deeper pullback or consolidation before the bull trend is ready to resume. Notice the recent accelerated advance following a test of support at the 50-Day MA on February 18. This is bullish behavior, but it also indicates that the price of natural gas may have gone too far too fast and may need a rest. Resistance from the advance was seen around a top trendline of a rising parallel trend channel. The line was recently recognized by the market several times in January when it represented resistance. Also, notice that an earlier rising trendline (dotted) converges with the channel line around recent highs. Lower Price Support Levels Despite support being seen today at $3.91, a decisive decline below today\u2019s low will trigger a likely continuation of the bearish retracement. The next lower potential support zone is then around $3.75 to $3.73, consisting of a 78.6% retracement and a 50% retracement level, respectively. Further down is the 50-Day MA at $3.66 and the 20-Day MA at $3.58. Each represents a potential support level, and those price levels should be considered within a price zone that includes the 61.8% Fibonacci retracement at $3.56. It is also important to realize that there is a weekly low from last week at $3.55. Therefore, a drop below that price level will violate the developing weekly bullish pattern of higher weekly highs and higher weekly lows. 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":36366,"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-36365","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\/36365","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=36365"}],"version-history":[{"count":0,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/posts\/36365\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/media\/36366"}],"wp:attachment":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/media?parent=36365"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/categories?post=36365"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/tags?post=36365"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}