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Natural gas – rebound likely
Natural gas has approached its support zone of 61.8% retracement of the rise experienced from 22nd January to 17th February indicating limited downside potential. Further it ended in doji candlestick formations near this support zone and has risen slightly, suggesting a sustained rebound could be witnessed. It would be prudent to say that natural gas could rise towards $2.75 and $2.85 while it sustains above $2.60.
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Trading Forex or any CFD products may not be suitable to all investors and they must evaluate their risk appetite. The above article should not be construed as a trading or investment advice as it is solely for education and information purpose only. Trading might incur a loss of capital and hence investors might be required to gain further knowledge regarding the risks involved. Leverage should be used wisely.
Risk Disclaimer:
Trading Forex or any CFD products may not be suitable to all investors and they must evaluate their risk appetite. The above article should not be construed as a trading or investment advice as it is solely for education and information purpose only. Trading might incur a loss of capital and hence investors might be required to gain further knowledge regarding the risks involved. Leverage should be used wisely.
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