Markets

Natural Gas - Daily technical Forecast

Natural Gas closed higher on Wednesday as it consolidates above support marked by July's low crossing. The high-range close sets the stage for a higher opening on Thursday. Stochastics and the RSI are oversold but remain bearish signalling that sideways to lower prices are possible near-term. If it extends the decline off last week's high, May's low crossing is the next downside target. Closes above the 20-day moving average crossing would confirm that a short-term low has been posted.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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