economic calendar<\/a>. <\/b><\/p>\n<\/div>\n[ad_2]<\/p>\n","protected":false},"excerpt":{"rendered":"
[ad_1] Above $4.55 Triggers Trend Breakout If the $4.55 price level is exceeded, then natural gas could reach the next higher target zone around $4.70 to $4.72. Subsequently, the 38.2% Fibonacci retracement of the full decline that began from the 2022 peak of $10.03 is at $4.77. Since that measurement is based on a long-term pattern, it is potentially significant with a good chance that strong resistance might be seen there. Rising ABCD Pattern Formed The advance from the late-January swing low of $2.99 is in its second leg up following a clear test of support on Monday at the day\u2019s low of $3.74. That low generated a higher swing low. There is the confluence of several indicators identifying the $3.74 price zone as potentially significant support. Given the sharp advance since that swing low. Including a breakout to a new trend high yesterday, natural gas seems to be indicating it may go higher and possibly break out to a new trend high. When adding a rising ABCD pattern (purple) to the current advance, it shows a potential initial target at the 78.6% extension of $4.93. Whether it is reached or not, the ABCD pattern shows the potential for higher prices. Possible targets from the ABCD pattern are identified when there is price symmetry between the CD leg of the pattern and the AB leg, or a harmonic relationship between the two swings. The targets identify potential resistance levels. Drop Below $4.23 May Lead Lower Alternatively, a decline below today\u2019s low of $4.23 will show short-term weakness that could lead to a lower pullback to test support levels. Tuesday\u2019s low at $4.06 could see support and if it fails, a test of the 20-Day MA at $3.88 currently, becomes possible. 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":37604,"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-37603","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\/37603","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=37603"}],"version-history":[{"count":0,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/posts\/37603\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/media\/37604"}],"wp:attachment":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/media?parent=37603"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/categories?post=37603"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/tags?post=37603"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}