NATURAL GAS - WEEKLY - TREND CHANNEL
NATURAL GAS lifted by Nymex Crude?
A Forex trading technical analysis video showing yesterday's close at the highest level since mid-June, possibly helped by Nymex Crude which is rallying as well as the switch to August delivery. Basing activity over the last three weeks was helped by the 200-day moving average, a 38% Fibonacci retracement, and the lower edge of a weekly trend channel. We look for prices to move on up steadily, if slowly, over the coming weeks to the psychological level at 4.000 and maybe this year's highs at 4.400.
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