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Natural gas naturally probes the bottom?

Good afternoon

Natural gas, having dropped from the highs around the 10 MMBtu level, ended up in the 2 MMBtu support area, where the broken monthly downtrend is taking place. Price area 1.44-2.44 MMBtu, if you look at the retrospective, is a fairly strong support for gas prices. Last month closed with a dodge, which ran into a broken downtrend. The base scenario, and we will have it in the medium term (timeframe – monthly), is a gradual increase in gas quotes towards the resistance level of 10 MMBtu:

Bitcoin bounced off the broken ascending channel, where there is also a strong resistance area of ​​25000-26000. Today, the coin is trying to close by absorption, so we may materialize the potential for a decline towards the level of 21500, with the prospect of “probing” the “psychological” level of 20000:

Natural gas naturally probes the bottom?

Silver bounced off the resistance level of 22.40, where 50% Fibo is also passing (the middle of the last downward movement). The base scenario is a decline towards support at 20.80 followed by a rebound upwards:

Natural gas naturally probes the bottom?

Oleg Svirgun, analyst at the brokerage company Tickmill


My profession is a journalist, but my hobby for 8 years has been studying Forex investing and trading. During this time, I managed to gain extensive experience in investing and trading cryptocurrencies and double my capital in the Forex market. To be the author of this magazine, the site owners invited me to participate in one of the 2020 trading webinars, and I will try to reveal the most relevant crypto market news for you.

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