• TRM (USD/COP)COP 3,301.91 +0.15% +COP 4.84Colombia's official exchange rate (Financial Superintendence), valid Nov 13 to Nov 13
  • EuroCOP 3,649.29 -0.53% -COP 19.38Reference: TRM crossed with the European Central Bank rate of Nov 13; not the market quote
  • Mexican pesoCOP 177.59 +0.50% +COP 0.89Reference: TRM crossed with the European Central Bank rate of Nov 13; not the market quote

Natural gas consolidates below $3.40 resistance after a 20% rally in 10 sessions

FinanceInternationalFXEmpireAI summary
Image: FXEmpire

Natural gas is trading with a slight bearish bias near recent highs, with a daily high of $3.37 and a low of $3.21, after a rally of nearly 20% in 10 sessions to $3.40 on Wednesday. Sellers hold short-term control, though the bearish case is contained as long as prices stay above $3.18, a level that coincides with the 38.2% Fibonacci retracement.

In 35 seconds

  • Natural gas is consolidating in a $3.18 to $3.40 range after a rally of nearly 20% in 10 sessions.
  • Friday's low was $3.21 and the high $3.37, with sellers in temporary control.
  • A drop below $3.18 would open support at the ascending trendline or the 50% retracement at $3.11.
Read the full story at FXEmpire

IASummary generated by artificial intelligence from a story by FXEmpire. It may contain errors: the original source prevails.

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