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Natural Gas Price Analysis for Nov. 25, 2021

From fxdailyreport.com

Natural gas is trading sideways on its hourly time frame, finding support at $4.725 and resistance at $5.100. Price just bounced off the top of the range again and could be due for a move back to the bottom. The 100 SMA and 200 SMA are oscillating to reflect consolidation, but a bullish crossover seems to be brewing. This could be enough to encourage more bulls to charge and break past the range resistance. If that happens, natural gas could climb by the same height as the chart formation. However, RSI is pointing down to suggest that selling pressure is starting to pick up. The oscillator has room to move south ... (full story)

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  • Category: Technical Analysis