Markets

Natural Gas - Daily Technical Forecast

Natural Gas closed lower on Tuesday as it consolidates some of the rally off November's low. Stochastics and the RSI are turning bearish signalling that sideways to lower prices are possible near-term. Multiple closes below the 20-day moving average crossing are needed to confirm that a short-term top has been posted. If it extends the rally off October's low, the 38% retracement level of the June-October decline crossing is the next upside target.

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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