Bruce_Gas_Forecast - EUROPE SAYS

Downward Pressure Remains Despite finding support yesterday at the AVWAP, downward pressure remains. Prior support from the January…

41.7% Decline Reached Today’s low completed a $2.04 or 41.7% decline in the price of natural gas in…

Bear Trend Intact Following a lower swing high of $4.25 on March 3, the bearish correction from the…

May be Heading To 200-Day Moving Average The next lower target is the 78.6% retracement at $3.40. However,…

Bullish Price Action Today’s price movement indicates a possible continuation of the upward trend that originated from the…

Potential Higher Target An initial target from the bull wedge is the beginning of the wedge at $4.26.…

Trendline Resistance Nonetheless, the rising trendline may continue to mark resistance on the way up and therefore hampers…

Back Test of Tend Lines is Bearish Notice that the high for today at $4.14 successfully tested resistance…

Dynamics of Pullback May Provide Clues Until today, a bullish continuation was possible as resistance around the top…

50% Retracement of Small Upswing Today’s bearish pullback following the $4.48 high has almost completed a 50% retracement…

Further Weakness Likely Below $3.64 Further weakness towards lower potential support levels may follow a drop below today’s…

Inside Week Leads to Choppiness As noted in prior articles, price action in natural gas since the January…