economic calendar<\/a>. <\/b><\/p>\n<\/div>\n[ad_2]<\/p>\n","protected":false},"excerpt":{"rendered":"
[ad_1] Possible Weekly Support Zone There is a recent weekly high and low at $3.23 to $3.19 where there could be signs of support. But if that fails as support natural gas may be heading for a possible test of the 200-Day MA, now at $3.09. Also, there is this week\u2019s low at $3.05. Since a drop below that level after this week would indicate a failure of the weekly bullish reversal that was established this week, it seems unlikely. Therefore, the current expectation would be for support to be found at the 200-Day line or above it if a deeper pullback follows today. Bottom Likely Established Nevertheless, the are reasons to believe that a bottom for the bearish correction was established last week at $2.86. That was right at support identified by the anchored volume weighted average price (AVWAP) that began from the long-term trend low established in February 2024. Despite the one-day pullback, a decisive advance above today\u2019s high would indicate a possible bullish continuation before a deeper pullback. Strength would be confirmed on a rally above Tuesday\u2019s high of $3.46. Since the 20-Day MA is at today\u2019s high of $3.40, it would be reclaimed on a breakout above today\u2019s high. Upper Resistance Zone at $3.61 to $3.64 Higher initial targets look to start around $3.61 to $3.64. The upper end of the range was the peak in 2023 and the top of a large symmetrical triangle formation that subsequently formed. However, more significant price levels are around the AVWAP level from the recent trend high on March 10 around $3.76 and the 50-Day MA, now at $3.82. The advance that began this week is a counter-trend rally within a downtrend pattern and therefore rallies will be heading up into a consolidation zone that presents a range of potential selling pressure. 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":45268,"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-45267","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\/45267","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=45267"}],"version-history":[{"count":0,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/posts\/45267\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/media\/45268"}],"wp:attachment":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/media?parent=45267"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/categories?post=45267"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/tags?post=45267"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}