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25.06.202107:55 Forex Analysis & Reviews: Technical analysis of Natural Gas for June 25, 2021

Exchange Rates 25.06.2021 analysis

The 16-year downtrend is clearly broken and the technical picture for NG has clearly change and we should look for the next upside target, which is seen at 4.59. However the long-term picture calls for much higher levels.

Support is seen at 3.32 with key support at 3.13 which is expected to protect the downside for the rally higher towards 4.59 and 6.11 as the next major upside targets.

Trading recommendation:

Buy Natural Gas or UNG shares for the expected rally to 4.59 and ultimately a lot higher.

*A análise de mercado aqui postada destina-se a aumentar o seu conhecimento, mas não dar instruções para fazer uma negociação.

Torben Melsted,
Analytical expert of InstaSpot
© 2007-2024
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