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Natural gas has been on the rise lately, but the rally might be cut short as the commodity has formed a bearish divergence on its hourly time frame. Price has formed higher highs since May 6, but the oscillators are showing lower highs. Stochastic is already in the oversold region, though, suggesting that the selloff may be over. However, RSI has plenty of ...
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Oil prices have pulled back sharply in the month of May with prices posting their steepest weekly loss in three months. The front-month contract plunged to an eight-week low of $82.41 per barrel in intra-day in early trading on 7 May, good for a $5.07/bbl w/w decline while Brent for July delivery fell by $3.87/bbl w/w to a settlement of $83.33/bbl. The oil ...