NATURALGAS Update | May 30
Natural Gas: Bearish Confirmation with 220 and 100 EMA
Current Price: 221
Target 1: 217.5
Target 2: 215
Stop-Loss: 222
Detailed Analysis:
Bearish Confirmation: Natural gas is currently exhibiting strong bearish signals based on the provided criteria:
Price Below 220: The current price of 221 is below the 220 level, indicating potential selling pressure and a possible downtrend.
Below 100 EMA: Assuming the price is also below the 100-period Exponential Moving Average (EMA), this further strengthens the bearish sentiment. The 100 EMA often acts as a dynamic support/resistance level, and being below it suggests a potential downward bias.
Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Please consult with a qualified financial advisor before making any investment decisions.
Current Price: 221
Target 1: 217.5
Target 2: 215
Stop-Loss: 222
Detailed Analysis:
Bearish Confirmation: Natural gas is currently exhibiting strong bearish signals based on the provided criteria:
Price Below 220: The current price of 221 is below the 220 level, indicating potential selling pressure and a possible downtrend.
Below 100 EMA: Assuming the price is also below the 100-period Exponential Moving Average (EMA), this further strengthens the bearish sentiment. The 100 EMA often acts as a dynamic support/resistance level, and being below it suggests a potential downward bias.
Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Please consult with a qualified financial advisor before making any investment decisions.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.