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Natural Gas Prices Edge Higher as Cold Weather Sets in

From fxempire.com

On Monday, natural gas prices continued to rise, edging slightly higher. The activity was very light and only in the electronic market due to the observance of the Martin Luther King holiday. According to a recent National Oceanic Atmospheric Administration report, much colder than normal weather is expected to cover most of the Mid-West and North East, and warmer than average weather will cover most of the West Coast for the next 8-14 days. On Monday, natural gas prices rallied, 0.6%. Support is seen near the 10-day moving average at 4.13. Resistance is seen near the 50-day moving average at 4.3. The 10-day moving ... (full story)

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  • Category: Technical Analysis