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Natural gas prices finally received a break as the heating commodity rallied the most over 2 days since early November. Still, the broader downside technical bias remains in play.
Palladium prices could be heading for a third weekly loss after the rate metal broke under an Ascending Triangle chart pattern on the 4-hour setting. What are key levels to watch?
Natural gas prices fell the most on Tuesday since January 5th, setting the commodity up for yet another weekly loss towards 2020 lows as a key support level on the daily chart was taken out.
Natural gas prices resumed a broader losing streak last week as the commodity fell almost 10%. A Bearish Rectangle chart pattern breakout may spell more trouble for the heating gas ahead.
Natural gas prices extended losses for a second day in a row, once again placing the focus on the floor of a Bearish Rectangle chart formation. Will the commodity break support?