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Target Zone

All articles tagged with #target zone

finance3 years ago•1 min saved

Natural Gas Prices Continue to Rise on Hot Weather Forecasts.

Natural gas has broken out of last week's high and is pushing against resistance from the most recent swing high at 2.685, with a potential to reach its first target zone near the top of the ascending parallel trend channel from 2.77 to 2.83. The 100-Day EMA may act as an area of resistance for this rally, but a decisive daily close above it or the top of the resistance zone at 2.83 could lead to a continuation of the rally into the next higher target zone from around 2.97 to 3.03.

via FX Empire|

#bullish #energy #finance

finance3 years ago•2 min saved

Bullish Outlook for Natural Gas Prices Amidst Tight Trading Range and Inventory Expectations

Natural gas prices are on the rise, with bulls eyeing a target zone of 2.77 to 2.83, supported by a variety of methods including Fibonacci retracement and measured move. If natural gas can close the week in the top portion of this week's range, it will be the second highest weekly close since March 3, indicating strength and potential for higher prices. A monthly breakout on a move above May's high of 2.69 could provide a long-term bullish signal, but a retracement prior to a continuation of the advance is possible.

via FX Empire|

#breakout #bullish-trend #fibonacci-retracement