AFTER REGAINING ITS SUPPORT, $GAS IS NOW AT ITS RESISTANCE, WITH A 31.45% REBOUND. WHAT COMES NEXT?
The key levels of 3.106 to 3.298 have been used to compose the calm of the GAS market structure. With a rebound percentage of 31.45%, the recovery became enormous at these support zones. Although a different situation could lead to the price reaching another high on top of these resistances, many people anticipate that the market will continue to range between 3.138 and 4.122. We can keep anticipating higher pricing as long as the market is bullish throughout this month. However, it's safer to presume that a constructive correction might occur from this point on. The best course of action would be to wait patiently for any confirmations that might come up for whatever situation we are currently considering.
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Stay wise, trade cautiously.
