Markets

Trading Forecast Natural Gas

Natural Gas closed lower due to short covering on Wednesday as it consolidates some of the rally off this month's low. The low-range close sets the stage for a steady to lower opening on Thursday. 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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