Natural gas, downtrend continue to 2.240 while we trading below 2.330

Anton Kolhanov Anton Kolhanov

Thursday forecast, July 18

The downtrend may be expected to continue, while pair is trading below resistance level 2.330, which will be followed by reaching support level 2.240.
An uptrend will start as soon, as the pair rises above resistance level 2.330, which will be followed by moving up to resistance level 2.410.

Weekly forecast, July 15 - 19

The pair is trading along an sideways trend between support 2,365 and resistance 2,490.
An uptrend will start as soon, as the pair rises above resistance level 2,490, which will be followed by moving up to resistance level 2,630.
An downtrend will start as soon, as the pair drops below support level 2,365, which will be followed by moving down to support level 2,175.

Author

Anton Kolhanov

Anton Kolhanov is a trader and an analyst. He started to study the Forex market in 2003.

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