News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
EUR/USD
Bullish
Oil - US Crude
Bearish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Wall Street
Mixed
Gold
Mixed
GBP/USD
Mixed
USD/JPY
Bullish
More View more
Real Time News
  • $GBPUSD continues to move higher, despite Friday’s weakness, as vaccination hopes continue to fuel positive sentiment despite ongoing lockdown fears and downbeat UK data. Get your market update from @nickcawley1 here: https://t.co/S8UoHzOwFN https://t.co/qI6UZdggvM
  • Risk management is one of the most important aspects of successful trading, but is often overlooked. What are some basic principles or risk management? Find out from @PaulRobinsonFX here: https://t.co/IsnpfJhp91 https://t.co/6wxX6oQurn
  • Recessions can devastate the economy and disrupt the fortunes of individuals, businesses, and investors. But economic decline in the business cycle is inevitable, and your trading can be defined by how you respond to crisis. learn how to prepare here: https://t.co/e4CnobJCss https://t.co/w009tJEQZn
  • Looking for a new way to trade reversals? One of the most used reversal candle patterns is known as the Harami. Like most candlestick formation patterns, the Harami tells a story about sentiment in the market. Get better with trading reversals here: https://t.co/rfwUWJfbz9 https://t.co/2AeO1AdD2M
  • MACD who? The Moving Average Convergence Divergence (MACD) is a technical indicator which simply measures the relationship of exponential moving averages (EMA). Find out how you can incorporate MACD into your trading strategy here: https://t.co/ZNs4Qi8ieG https://t.co/INJz4NSugQ
  • Knowing how to accurately value a stock enables traders to identify and take advantage of opportunities in the stock market. Find out the difference between a stock's market and intrinsic value, and the importance of the two here: https://t.co/QszmdZX8cS https://t.co/qdrsi61CN8
  • It seems the markets are riding high, but risk is always lurking around the corner. Consider your escape plan before you find yourself in collapsing market. What are the top havens for different conditions in 2021? Find out from @JohnKicklighter here: https://t.co/1oeXWEsJkb https://t.co/IyQdfq29fz
  • Myth or fact? One thing is for sure, there are a lot of misconceptions about trading. Knowing the difference between common trading myths and the reality is essential to long-term success. Find out about these 'myths' here: https://t.co/EDvQdHfIPm https://t.co/R7pa7DsM8n
  • What are some monetary policies that could affect Gold this quarter? Get your Gold free forecast here: https://t.co/bTXkGN1CIM #DailyFXGuides https://t.co/EhdZpmkzaH
  • Even more remarkable than the record high levels of leverage registered in US equities this past week was the attention it garnered. Paying attention to risk is a threat when markets are this high and the docket as dense as it is this week. My outlook: https://www.dailyfx.com/forex/video/daily_news_report/2021/01/23/Dow-VIX-Tesla-and-Leverage-Reflect-Greater-Risk-to-the-Relentless-Bull-Market.html?ref-author=Kicklighter&QPID=917719&CHID=9 https://t.co/KBOJIRPTQe
Natural Gas Price Outlook: Signals & Levels to Consider - Nat Gas Technical Analysis

Natural Gas Price Outlook: Signals & Levels to Consider - Nat Gas Technical Analysis

Mahmoud Alkudsi, Analyst

Natural Gas Technical Forecast

  • Natural gas prints its lowest level in over two decades
  • Signals and levels to keep in focus.

Natural Gas Price – Bears Are Back

On March 11, natural gas rallied above $.2.000 threshold then retreated after. Nevertheless, on Friday the price closed the weekly candlestick in the green with 9.2% gain. Yesterday, bears took charge and pressed the market to $1.583 – its lowest level in nearly 25 years.

The Relative Strength Index (RSI) crossed below 50 highlighting a possible recovery of stalled downtrend momentum.

Nat-Gas DAILY Price CHART (Jan 23, 2019 – Mar 19, 2020) Zoomed Out

Natural gas daily price chart 19-03-20 zoomed out
Traits of Successful Traders
Traits of Successful Traders
Recommended by Mahmoud Alkudsi
Traits of Successful Traders
Get My Guide

Natural Gas DAILY Price CHART (Jan 22 – Mar 19, 2020) Zoomed IN

Natural gas daily price chart 19-03-20 zoomed in

Looking at the daily chart, we noticed at the start of this week natural gas has declined then closed below the 50-day average then remained below this indicator providing a bearish signal. Later on, the market moved to a lower trading zone $1.760- $1.655.

A close below the low end of the zone may convince bears to press towards $1.430. Further close below that level could send the price even lower towards $1.248. That said, the weekly support area and level marked on the chart should be watched closely.

In turn, a close above the high end of the zone reflects bears reluctance. This might lead some to exit the market causing natural gas to surge towards $1.902. Further close above this level could extend the rally towards $2.033. In that scenario, the daily resistance levels underscored on the chart should be considered.

Building Confidence in Trading
Building Confidence in Trading
Recommended by Mahmoud Alkudsi
Building Confidence in Trading
Get My Guide

Natural Gas price Four-Hour PRICE CHART (Mar 10 – Mar 19, 2020)

natural gas four hour price chart 19-03-20

From the four- hour chart, we noticed that last week natural gas peaked at $2.020 then started a downtrend move creating lower highs with lower lows. Additionally, the price remained trading below the downtrend line originated from the March at $1.969. Thus, any violation to this line would possibly cause a rally towards the $1.900 handle.

Thus, a break above $1.800 could lead natural gas towards $1.900. Although, the daily resistance level underlined on the chart should be monitored. On the flip-side, any break in the other direction, i.e. below $1.550 could press the market towards $1.430. Yet, the psychological level printed on the chart should be kept in focus.

Written By: Mahmoud Alkudsi

Please feel free to contact me on Twitter: @Malkudsi

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES