Bruce_Gas_Forecast - EUROPE SAYS

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…

Challenging Key Resistance Notice that there has been only one day since the April bottom that natural gas…

Bottoming Process Continues Although the price of natural gas weakened today the technical bias is to the upside.…

Prepped for Bearish Continuation The high for the day at $3.45 essentially tested prior support as resistance as…