NATURALGAS, H4 Potential for Bullish Bounce

Type: Bullish BounceKey Levels:Resistance: 374.3Pivot: 330.6Support: 307Preferred Case: Price is near pivot level of 330.6 in line with 50% Fibonacci retracement ands 127.2% Fibonacci projection. Price can potentially bouce to the 1st resistance of374.3 in line with 100% Fibonacci projection and 61.8% Fibonacci retracement. Our bullish bias is supported by the Ichimoku cloud indicatorAlternative Scenario:Price can potentially dip to the 1st support level of 307.0 in line with 78.6% Fibonacci projection.Fundamentals:The world is waiting to see if US and her allies will put forth sanctions on Russia energy sector. Natural gas prices will continue to move in a range till additional confirmation of further sanctions

Source: Tickmill

Technical Analysis & Forecast 16.04.2024

EURUSD, “Euro vs US Dollar” The EURUSD pair has completed a correction wave at 1.0664. After the correction, the market continues developing a decline wave

Murrey Math Lines 16.04.2024 (AUDUSD, NZDUSD)

AUDUSD, “Australian Dollar vs US Dollar” AUDUSD quotes are below the 200-day Moving Average on D1, revealing the prevalence of a downtrend. The RSI has

Ichimoku Cloud Analysis 16.04.2024 (EURUSD, USDJPY, NZDUSD)

EURUSD, “Euro vs US Dollar” EURUSD is testing the lower boundary of the bearish channel. The pair is going below the Ichimoku Cloud, which suggests

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