Markets

Trading Forecast Natural Gas

Natural Gas closed higher due to short covering on Monday while extending the late-summer trading range. The high-range close sets the stage for a steady to higher opening when Tuesday's night session begins trading. Stochastics and the RSI are neutral to bearish signalling that sideways to lower prices are possible near-term. If it renews this summer's decline, monthly support crossing is the next downside target. If it renews the rally off August's low, the reaction high 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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