FX.co ★ mozell.abshire | Natural Gas (NG)

#NG / Gas / GASUSD

Sunday's technical analysis of the pair on a 1-hour chart. Here, the price at the level of 3.15 has tested the timeframe low and is starting to correct upwards from there. The price began its move from the blue zone, and during an uptrend, it may use the red zone, which is just starting to form, as a support level. The price may fully test the blue zone and correct upwards to test the resistance levels of the moving averages - the red line at 3.45 and the black line at 3.50. The price may break above the black moving average and head towards testing the current highs drawn at levels of 3.93 and 4.10. The oscillator indicates that the price is oversold, as it is testing the low. It will finish working in the negative zone and move upwards.