Gas as a long-term asset is not played at low time intervals. It can now be seen that the price is moving in a steeply sloping downtrend. I have marked the zone of resistance beyond the canal in the painting. If the price goes beyond the channel and breaks the designated level, there is a chance for an increase. However, for this to happen, the price would have to give a clear signal around the place marked in blue. If the condition is not met, there is a downtrend and it would be risky to enter long positions inside the channel.
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2021-03-23