economic calendar<\/a>. <\/b><\/p>\n<\/div>\n[ad_2]<\/p>\n","protected":false},"excerpt":{"rendered":"
[ad_1] Bull Hammer Breakout Above $3.38 An upside breakout will be triggered on a rally above today\u2019s high. That would put natural gas in a position to eventually test resistance around the top of the channel. For now, the intersection of two trendline at $3.80 can be used as a proxy for the top of the channel. That price level is another price level defined by last Wednesday\u2019s high of $3.83. Furthermore, better clarity is provided by potential resistance around the 20-Day MA, now at $3.82, and the 50-Day MA at $3.90. Note that the 20-Day MA is falling and will continue to represent a lower price area. It becomes a more significant potential resistance zone if a similar price level is indicated by other analysis. Rally From Bottom of Channel Targets Top of Range There is a chance that bullish signs following the completion of an 88.6% retracement may mark the end of the bearish correction. Keep in mind that advances from current levels are counter-trend rallies within a decline trend channel. A rally above the 20-Day MA, followed by a daily close above it would be supportive of the bullish thesis. Earlier signs of strength would be indicated on a rally above Monday\u2019s high of $3. 61. That price would be an initial short-term target following a breakout above today\u2019s high. Bullish Signs Need Confirmation Despite the potential for a bullish reversal from a key support zone, a trigger above today\u2019s high is needed for confirmation of strength. There is always a possibility that the bulls cannot maintain control and the bearish correction continues to lower prices. An area of potential support confluence is shown on the chart from $3.08 to $2.99. That price range includes the potentially significant 200-Day MA as possible support at $3.05. 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":43237,"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-43236","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\/43236","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=43236"}],"version-history":[{"count":0,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/posts\/43236\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/media\/43237"}],"wp:attachment":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/media?parent=43236"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/categories?post=43236"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/tags?post=43236"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}