Natural Gas, Technical Analysis – H1
Natural gas has found support near the 3.15 zone and has moved into another corrective rebound.
Natural gas has found support near the 3.15 zone and has moved into another corrective rebound.
The pair is in an extreme consolidation phase, squeezed between strong resistance at 161.800 above and a steep trendline below.
The pair is likely completing its downward correction and is currently testing a new support zone.
The asset remains under the pressure of multiple bearish factors, with prospects of a medium-term decline toward $50,000.
The pair continues to respect the broader downtrend but shows signs of a technical upward correction toward the key pivot at 1.1380.
The secular bull case for precious metals is facing an aggressive structural recalibration as Wall Street heavyweights pivot toward a more hawkish Federal Reserve trajectory.
The multi-week unwind in global energy markets has entered a more aggressive phase, driven by record-shattering transit volumes and direct executive pressure from Washington.
The pair is undergoing a technical pullback toward the demand zone at 1.3200, where a bullish reversal signal was previously formed.
A strong triple top reversal pattern has formed, signaling clear buyer exhaustion.
The pair has formed a reversal setup after clear buyer exhaustion at the resistance zone around 161,700.
There are two sides to the current Bitcoin outlook. The bearish development is that price action is progressing toward the completion of a large $15,000 bear flag pattern.
Bulls maintain a formed reversal structure on the higher timeframes, but bears continue to exert steady pressure.
The euro is trading with moderate weakness against the US dollar amid diverging central bank policies and softer Eurozone economic data.
The geopolitical premium in global energy markets is facing sustained pressure following rapid policy implementations by Washington and Tehran.
WTI crude oil is forming a classic W-shaped upward reversal pattern. However, bulls continue to show noticeable weakness.