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<b> MARKET</b> ANALYSIS <b> MARKET</b> ANALYSIS

MARKET ANALYSIS

Cutting-Edge Market Commentary for Informed Strategy Making

DAILY TECHNICAL ANALYSIS 29/11/2022


NATGAS


NATGAS managed to break its bullish trendline with a nice retest,

it has now formed a valid downtrend with the RSI confirming its direction.


If the price continues with this momentum, we may see a drop to around 6.393 or 6.523.

If the price fails to drop and break above its descending trendline, we may see a new bullish move on the bigger time frame.




USOIL


USOIL has formed a bearish channel since the middle of the month. Right in the middle of this channel the price seems to be starting to stabilize because it has almost the same high as before at 79.84, it will likely be a range for the next couple of days. Oscillation between these two levels.



FTMUSD

Fantom has a bullish channel since November 20, today it managed to break through its channel with a big bullish momentum and reach up to 261.8%.


We may see a correction around the upper boundary of the channel or the 0.1955 level.

If the price breaks below the 0.1955 level, it means that it was just a fakeout and the price may stay below 0.20 for a little longer.




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