Natural Gas Price Analysis for Sept. 23, 2022

Natural Gas Price Analysis for Sept. 23, 2022

From fxdailyreport.com

Natural gas is in selloff mode recently, but the commodity remains in a longer-term uptrend. Price could make its way down to test the rising trend line visible on its daily time frame next. Price just broke below a short-term head and shoulders pattern, signaling that a selloff is underway. This could lead to a drop down to the $7.000 area near the trend line and 200 SMA dynamic inflection point. On the subject of moving averages, the 100 SMA is above the 200 SMA to confirm that the path of least resistance is to the upside or that support is more likely to hold than to break. In that case, buyers could defend the ... (full story)

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