Natural Gas Price Analysis for June 22, 2022

Natural Gas Price Analysis for June 22, 2022

From fxdailyreport.com

Natural gas continues to trend lower on its short-term time frame, moving inside a newly-forming falling channel on its hourly chart. Price is hovering around the middle of the channel and might be due for a drop to the bottom soon. The 100 SMA is below the 200 SMA to indicate that the path of least resistance is to the downside or that resistance is more likely to hold than to break. The 100 SMA even lines up with the channel top to add to its strength as resistance. If bearish pressure picks up, natural gas could slump down to the channel bottom around $5.500 next. A return in bullish momentum, on the other hand, ... (full story)

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