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Natural Gas Breaks Resistance and Soars, Defying Previous Year's Performance

1 min read
Source: FX Empire
Natural Gas Breaks Resistance and Soars, Defying Previous Year's Performance
Photo: FX Empire
TL;DR

Natural gas surged to new trend highs, breaking above the prior swing high of 3.02 and confirming a trendline breakout. The price is currently testing the 200-Day EMA resistance, which has not been breached since last December. The completion of a Fibonacci extension level at 3.18 adds to the potential resistance. If the price continues to rise decisively, it could signal a bullish continuation with higher targets at 3.28 and 3.38.

Topics:businessfinance#200-day-ema#bullish-continuation#finance#natural-gas#resistance#trendline-breakout
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  1. Natural Gas Surges, Testing 200-Day EMA Resistance  FX Empire
  2. Natural Gas Heads Towards the Peak Season- How High Can It Rise?  Barchart
  3. Natural Gas Weekly Price Forecast – Natural Gas Markets Breakout Finally  FX Empire
  4. Natural gas up double-digits for 2nd week, after mostly woeful year By Investing.com  Investing.com

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