natural gas markets They have fallen slightly during the trading session on Friday as we continue to move around the 50-day exponential moving average (EMA). Natural gas markets have obviously been a bit weak, but overall we are starting to see some signs that there is support. The market is trying to form a minimum because a large number of bankruptcies are expected among US producers and that would cause the amount of accumulated reserves to drop. However we have also seen lately that many shipments were canceled at the last minute and that suggests that the market has a lot of work ahead to solve the problem of the accumulated surplus of reserves. “Data-reactid =” 12 “> Natural gas markets have Dropped a bit during Friday’s trading session as we continue to move around the 50-day exponential moving average (EMA) Obviously the natural gas markets have been a bit weak but overall we are starting to see certain signs that there is support. The market is trying to form a minimum because a large number of bankruptcies are expected among the US producers and that would cause the amount of accumulated reserves to fall. However, we have also seen lately that they were canceled at last minute many shipments and that suggests that the market has a lot of work ahead to solve the problem of accumulated surplus reserves.

NATGAS Video 05.25.20

In the chart we see that the level at $ 1.80 is a fairly high support and therefore if we break below it it is likely that we will then go to the bottom of the candle that formed two weeks ago and that would open the door to the level at $ 1.70. On the other hand, if we break above the candle that was formed during the trading session on Friday, the possibility of a movement to the level of $ 2.00 would open, which is obviously key for being a round, important and significant number at the level psychological. In addition, the 200-day EMA above is at the $ 2.09 level and therefore the market may be caught between these two moving averages. In short, the market is likely to continue to move very erratically.

article was originally posted on FX Empire “data-reactid =” 16 “> This article was originally posted on FX Empire

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