Bruce_Gas_Forecast - EUROPE SAYS

Support Test Significance Tuesday’s low tested but held well above the 20-day moving average, yet the 38.2% level…

Close Strength Indicator A daily close above the 50% level of the day’s range — at $4.09 —…

Intraday Bounce and Potential Pattern Buyers emerged after the $2.96 low, sparking an intraday rebound that lifted prices…

Key Confluence at $3.35 The $3.35 price level carries added weight given that it coincides with the intersection…

Testing the First Support Zone The confluence of the 20-Day moving average at $2.92 and the 50% retracement…

Bearish Structure Still Dominates Despite today’s rebound, natural gas remains entrenched in a broader downtrend. Bearish confidence increased…

Above $3.19 is Bullish A decisive rally above today’s high will trigger a one-day bullish reversal, confirmed by…

Deeper Pullback? Heading into next week, if today’s low is broken then the 20-Day line may fail as…

Bearish Indications Dominate It is also a bearish indication that last week ended with a potentially bullish hammer…

ABCD Target Reached Despite bullish indications, an initial target and therefore potential resistance, marked by a rising ABCD…

Bullish Reversal Points to $3.84 Today’s advance shows the likely completion of a bottom with a slightly higher…

Strong Support Possible at $3.50 Plus Potential support around the 50-Day MA takes on added significance since it…