-
Weekly and Daily Breakouts Signal Positive Trend for Natural Gas
video Natural gas breaks out of Fridays inside day high of 2.56 today on a gap up, then keeps going. Today’s advance to a high of 2.695 showed real strength as silver also triggered a bullish breakout of the 34-Day EMA (orange), the internal downtrend line showing dynamic resistance of the retracement, as well as the nine-day high of 2.67. That high was noted last week as the top of a nearby resistance range. Once cleared, natural gas should have completed its recent bottom and be ready to move forward with an upward bias. chart Today’s advance also triggered a bullish breakout on the weekly chart (not shown) ... (full story)