NATGAS Could Hit $2.15 as Bears Tighten Grip

6 בנוב׳

FxNews—The primary trend for NATGAS should be considered bearish, as the price is in a bearish flag pattern. The downtrend is likely to resume if NATGAS bears close and stabilize the price below the 23.6% Fibonacci level, supported by the middle line of the Bollinger Band. In this scenario, the next bearish target could be $2.24, followed by $2.15.

Please note that the bearish outlook would be invalidated if NATGAS exceeds the 38.2% Fibonacci level at $2.38.