Markets

Trading Forecast Natural Gas

Natural Gas closed higher due to short covering on Tuesday as it consolidates some of the decline off this month's high. The high-range close sets the stage for a steady to higher opening on Wednesday. Stochastics and the RSI remain bearish signalling that sideways to lower prices are possible near-term. If it extends this month's decline, April's low crossing is the next downside target. Closes above the 10-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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