Natural Gas Forecast: The Price Reversal Ahead!

The price of natural gas keeps moving in a very narrow range. As for now, the price of this asset rebounded from the level of 2.3 to test the level of 2.0. It is also important to note the upcoming formation of the inverse head and shoulders. This pattern signifies a future trend reversal. It might be beneficial for many market players in a certain sense. So, let’s wait and see what is going to be the next price movement of natural gas.

The price of Swiss Franc has tested the resistance level of 0.8728 and formed engulfing at the end of the trading week. It means that the price of this asset is likely to drop at the beginning of trading week. The price of Swiss Franc might potentially gain the required support in the zone formed between levels 0.8333 and 0.8432. Hence, the price of the currency pair USD/CHF is likely to rise. Time will tell whether this scenario is going to work out.

The price of Ethereum has strongly rebounded from the supporting level of 2135. It might slightly drop soon. At that, the price of ETH/USD could potentially rebound from the upper boundary of the downtrend and dive even deeper. However, the price of Ethereum might also rise as it has already tested the lower boundary of the downtrend. So, let’s see what is going to be the upcoming market sentiment for this asset.

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