Natural Gas Break The Resistance | Today Commodity Market News Outlook 09 May 2018.
Bullion - Opens on positive Note Gold -31250-31280 Silver -39950-39900
Energy - Opens on positive Note Crude Oil - 4755-4760 Natural Gas -184.60-184.80
Base Metals - Opens on positive Note Copper -457-457.50 Nickel -933-934 Lead -155.30-155.50 Zinc - 207.50-208 Aluminium -161.20-161.50
Natural gas prices edged higher in Tuesday’s session. Prices are currently trading near the intermediate resistance levels of 186.50.
On the hourly chart, RSI is above 60-levels, indicating high momentum in prices.
An hourly close above 186.50 can push prices higher towards 190-levels.
Silver prices gapped up in Monday’s session and failed to sustain the resistance levels of 40,000. Presently, it is trading near the intermediate support level of 39,860.
An hourly close below the mentioned level will be negative for silver and prices may drift lower towards 39,600-levels.
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