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Natural Gas (NATGAS/USD) Price Technical Analysis for May 5, 2021

From fxdailyreport.com

Natural gas continues to trend higher but there are signs that the climb is slowing. Technical indicators are giving mixed signals on whether the uptrend could carry on from here or not. The 100 SMA is still above the 200 SMA to indicate that the path of least resistance is to the upside or that support is more likely to hold than to break. The 100 SMA dynamic inflection point also lines up with the trend line support to add to its strength as a floor. However, the gap between the moving averages is narrowing to reflect weakening bullish momentum and a potential bearish crossover. Stochastic is still heading higher, ... (full story)

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  • Category: Technical Analysis