View full page at energyexch.com

 

Natural Gas Price Forecast: Bullish Reversal Signals Uptrend

From fxempire.com

{video} Natural gas rallies following a bullish reversal from the 20-Day MA. The 20-Day MA is one trend indicator that has defined support for the most recent advance. It was tested as support on Monday and then on Tuesday. Subsequently, buyers took back control today, Tuesday, and triggered a daily bullish reversal as Monday’s 2.84 high was exceeded to the upside. Moreover, natural gas is on track to close strong, in the top third of the day’s trading range. {chart} A rise and subsequent daily close above 2.92 will confirm the bullish breakout and the likely continuation of the rising trend. The 2.92 price level was ... (full story)

Story Stats

  • Posted:
  • Category: Technical Analysis