economic calendar<\/a>. <\/b><\/p>\n<\/div>\n[ad_2]<\/p>\n","protected":false},"excerpt":{"rendered":"
[ad_1] Holding Potential Support Zone Although a minor bearish trend continuation signal triggered today, there remains a possibility that support around the 88.6% retracement at $3.21 could hold. Notice that the lower end (25% extended) of a descending trend channel (blue lines) is nearby, and it represents an area of potential support as well. That would change on a decisive drop below today\u2019s low. Notice that today\u2019s high found resistance at the bottom of a lower channel line, in blue. Since that line was previously identifying support, today\u2019s price action recognized it as resistance. This is a bearish sign as a downtrend typically progresses in this manner. Rally Above $3.32 Could Change Bearish Outlook A one-day bullish reversal above today\u2019s high of $3.32 may start to change the near-term bearish outlook if it leads to a daily close above that price level. Otherwise, a decline below today\u2019s low signals another continuation signal and improves the chance that the next lower potential support zone is tested. It starts with the completion of a falling ABCD pattern at $3.08. That is where the change in price in the two downswings of the current correction match. Once there is a match, a potential pivot level is identified, in this case support. 200-Day Moving Average Target The 200-Day MA is slightly below that target at $3.06 and is rising. Therefore, it could converge with the ABCD pattern target upon approach. Since the 200-Day MA is a long-term trend indicator, it takes priority over the pattern target. But if the two indicators identify the same or a very similar price level, that price level gains in significance. Since the 200-Day MA hasn\u2019t been approached as support since October 2024, it should do so if touched soon. Bearish momentum has dominated since the lower swing high (C), so natural gas would be approaching that potential support area potentially near the end of the trend. 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":43412,"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-43411","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\/43411","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=43411"}],"version-history":[{"count":0,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/posts\/43411\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/media\/43412"}],"wp:attachment":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/media?parent=43411"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/categories?post=43411"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/tags?post=43411"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}