Natural Gas price burns a trail higher on storage data, European plant closures, hot weather Gas Commodities Technical Analysis Fundamental Analysis
Natural Gas: Weekly Chart
Yet on the 4-hour chart, RSI is now blinking ‘overbought’ , which is a signal for bulls not to add any new long positions. In the event of RSI exiting the overbought zone and returning to neutral territory, it would be a signal for short-term horizon bulls to close their long positions altogether, and is likely to be indicative of a pullback in price after the recent strong gains.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Natural Gas Price Analysis: Bulls look hopeful due to soaring temperature in TexasNatural Gas price (XNG/USD) has shown a recovery move after a minor correction to near $2.40. The energy component is expected to deliver more upside
Read more »
Natural Gas Price Analysis: XNG/USD retreats from multi-day-old resistance line to around $2.60Natural Gas Price Analysis: XNG/USD retreats from multi-day-old resistance line to around $2.60 Gas Technical Analysis Commodities Energy SwingTrading
Read more »
Natural Gas rises on the back of a weaker US Dollar, FOMC in the headlightsNatural Gas price is trading roughly 1% higher on Wednesday as the US Dollar deepens its slide ahead of the key Federal Open Market Committee Meeting
Read more »
Natural Gas Futures: Near-term decline on the tableConsidering advanced figures from CME Group for natural gas futures markets, open interest remained choppy and shrank by more than 9K contracts on Wed
Read more »
In response to court ruling in Berkeley, Santa Cruz suspends natural gas prohibitionThe Santa Cruz ordinance, which prohibited natural gas infrastructure in new buildings, was modeled after Berkeley’s. The city’s attorney analyzed the ruling and it was determined that,…
Read more »
Natural Gas Futures: Strong rebound could struggle to continueConsidering advanced figures from CME Group for natural gas futures markets, open interest dropped for the second session in a row on Thursday, this t
Read more »