economic calendar<\/a>. <\/b><\/p>\n<\/div>\n[ad_2]<\/p>\n","protected":false},"excerpt":{"rendered":"
[ad_1] Stuck Between Moving Averages Nonetheless, today\u2019s price action leaves natural gas sandwiched between resistance around the 20-Day MA, now at $4.13, and the 50-Day MA at $3.88. An advance from current prices heads up into potential resistance around the 20-Day line and the recent interim swing high at $4.26. Natural gas remains in a clear downtrend. Given today\u2019s new bearish continuation signal, which confirms on a daily close below the prior low of $3.96, rallies will be heading into potential resistance levels until there starts to be solid signs of a bullish reversal. As it stands, that would start to happen on a sustained rally above the 20-Day MA and then an advance above the lower swing low at $4.26, which is the high for this week. Weekly Bearish Signal The significance of Friday\u2019s bearish trend continuation increases when considering the weekly chart (not shown). That is because a bearish reversal on the weekly chart triggered today at $4.955. Therefore, it reflects added downward pressure. A daily close today below $3.955 will confirm the bearish signal on the weekly time frame. If that happens, the chance for a drop through the 50-Day line increases. And that could lead to a drop below the recent interim swing low at $3.74. Lower Price Levels Price areas to watch for potential support include the prior swing low, the 61.8% Fibonacci retracement level at $3.72, and a prior resistance level that may now show support at $3.64. Further down is an early target for a falling ABCD pattern. Instead of targeting 100% price symmetry between the two downswings, labeled AB and CD, this earlier level looks for an initial target in the CD leg of the decline at 78.6% of the price decline in the AB leg. 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":39803,"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-39802","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\/39802","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=39802"}],"version-history":[{"count":0,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/posts\/39802\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/media\/39803"}],"wp:attachment":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/media?parent=39802"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/categories?post=39802"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/tags?post=39802"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}