Markets

Trading Forecast Natural Gas

Natural Gas closed lower on Wednesday as it extends the decline off July's high. The low-range close sets the stage for a steady to lower opening on Thursday. Stochastics and the RSI remain neutral to bearish signalling that sideways to lower prices are possible near-term. If it extends the decline off this month's high, March's low crossing is the next downside target. Closes above the 20-day moving average crossing would temper the near-term bearish outlook.

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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