- May 25, 2020
- Posted by: Analysis Team
- Category: Forex News
lower remains open following Friday’s uptick, all against the backdrop of shrinking open interest and volume. That said, the next support of relevance emerges at the monthly lows in the sub-$1.80 region for the time being.
Prices of Natural Gas are now flirting with the 55-day SMA in the $1.86 region amidst the broader bearish scenario. Further south emerges the May’s low at $1.787 ahead of late April lows around $1.70. The resumption of the upside is expected to face strong barrier in recent peaks around the $2.00 neighbourhood seconded by April’s tops near $2.10.