View full page at energyexch.com

 

Natural Gas Price Analysis for Jan. 13, 2022

From fxdailyreport.com

Natural gas recently broke above a descending trend line visible on its 4-hour chart, suggesting that a reversal from the downtrend is in order. Price is now testing another area of interest near $5.000. If this holds, a pullback to the broken trend line might follow, possibly encouraging more buyers to join in the reversal. The 100 SMA is below the 200 SMA for now, but a bullish moving average crossover seems to be happening. Stochastic is reflecting overbought conditions or exhaustion among buyers, so turning lower would mean that sellers could take over. Similarly RSI is in the overbought zone to indicate that ... (full story)

Story Stats

  • Posted:
  • Category: Technical Analysis