economic calendar<\/a>. <\/b><\/p>\n<\/div>\n[ad_2]<\/p>\n","protected":false},"excerpt":{"rendered":"
[ad_1] New Weekly Breakout Triggers A weekly closing price above $3.61 will leave natural gas poised to rise into the next higher potential resistance zone. It is marked by the confluence of several indicators from $3.72 to $3.80. The 61.8% Fibonacci retracement target is at $3.72 and is followed by the neckline of a head and shoulders top formation at $3.73. There is an AVWAP level from the trend high $3.75 and further up is the 50-Day MA at $3.80. Given the potential significance of the 50-Day line, it marks the highest potential target for the current advance. But if it exceeded to the upside, the 78.6% Fibonacci retracement at $3.95 becomes a higher target. Demand Improving Natural gas is showing improving demand given the three-week breakout that triggered today and the likely strong weekly closing price, near the highs of the week. A one-week bullish reversal triggered earlier this week, and a strong weekly closing price would show buyers remained in charge heading into the weekend. That strength could carry over into next week. Since the recent low of $2.86 established a higher swing low and it occurred at a recognized potential support area, the recent bearish correction should be complete, leaving natural gas in a position to further progress its long-term uptrend. Therefore, surprises may be on the upside rather than the downside. Head and Shoulders Top Resistance Zone Of course, natural gas is rising into a large potential resistance zone highlighted by the head and shoulders topping pattern. But it also advancing from a higher swing low near the lower end of a large rising parallel trend channel. The recent swing low established a higher slope for the trend, marked by a rising dashed line. A reversal from the lows of the channel suggests the possibility of an eventual advance to the top channel line. 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":45550,"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-45549","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\/45549","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=45549"}],"version-history":[{"count":0,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/posts\/45549\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/media\/45550"}],"wp:attachment":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/media?parent=45549"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/categories?post=45549"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/tags?post=45549"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}