Markets

Natural Gas - Daily Technical Forecast

\

Natural Gas closed lower on Thursday as it consolidates some of Wednesday's rally. Stochastics and the RSI are turning bullish signalling that sideways to higher prices are possible near-term. If it renews the rally off October's low, the 38% retracement level of the June-October decline crossing is the next upside target. Closes below the reaction low crossing are needed to confirm that a short-term top 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.

Other Topics

Commodities