Natural Gas: Suggests the Gas Will Rally Soon

Natural Gas: Suggests the Gas Will Rally Soon

From dailyforex.com

The natural gas market displayed limited activity during Friday's trading session, hovering in close proximity to the 50-Day Exponential Moving Average. The 50-day EMA holds particular significance, as it often serves as an indicator determining the short-term trend. Notably, over the past few months, the 50-day EMA has shown a gradual upward trajectory, indicative of an accumulation phase for natural gas. This accumulation aims to bolster natural gas reserves in preparation for the impending winter demand.Examining the chart, it's evident that the market faces substantial resistance near the $3.00 level. A decisive ... (full story)

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