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Gas shares fall below key support
The share of the National Gas and Industrial Company is facing technical pressures due to a break of key support levels, recording a series of descending peaks that reflect dominance by selling forces in trading. It is approaching a crucial support level at 65.10 riyals, with expectations of further decline to levels between 63.55 and 61.35 riyals if the pressures persist. The technical performance indicates a decline since the beginning of the year and a negative pattern, with a resistance level at 68.10 riyals to watch. Although some previous rebounds provided support, the overall trend remains downward, and a move above 77.50 riyals is needed to change the current outlook.
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