economic calendar<\/a>. <\/b><\/p>\n<\/div>\n[ad_2]<\/p>\n","protected":false},"excerpt":{"rendered":"
[ad_1] Strong Support Leads to Rising Prices Strong support was seen from the day\u2019s low of $3.74. It is a price area discussed over the past week or so as being potentially a significant support zone since it marks an area of confluence. The 20-MA is at $3.76, there is a 50% retracement level at $3.73, and the 50-Day MA line is at $3.73. Given the bullish reaction, it looks clear that the price zone was recognized. Therefore, a bearish retracement might have completed today, opening the way for a continuation towards resistance at recent highs and possibly new trend highs. Bearish Retracement Looks Complete The next sign of strength will be on a rally above the five-day high and prior interim swing high at $4.19. That is also a weekly high from last week. There is then a potential resistance zone from the January high at $4.37 to the February high at $4.48. It is interesting to note that the recent pullback took a form like a falling bullish wedge. A bull breakout triggered today. This puts natural gas in a bullish position to possibly reach new trend highs. The next higher target is a 50% retracement of a previous interim decline at $4.56. Note the resistance was seen around a top trend channel line at each of the recent swing highs. Nonetheless, depending on how prices rise, natural gas could hit the 50% retracement target and stay below potential resistance around the top trendline. 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":37351,"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-37350","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\/37350","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=37350"}],"version-history":[{"count":0,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/posts\/37350\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/media\/37351"}],"wp:attachment":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/media?parent=37350"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/categories?post=37350"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/tags?post=37350"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}