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Natural Gas Signals Uptrend Amid Market Shift

From fxempire.com

{video} Following yesterday’s bullish reversal off the 2.99 swing low natural gas broke out above the 200-Day EMA and managed to close above it for Monday, but just barely. The advance completed a 38.2% retracement at 3.24. Subsequently, previous support near the 50-Day EMA was tested today as natural gas advanced slightly above yesterday’s highs before turning down and selling off. At the time of this writing, it continues to show weakness, trading near the lows of the day’s range. Nevertheless, natural gas remains on track to end with a second day of higher daily lows and higher daily highs, the beginning of an ... (full story)

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  • Category: Technical Analysis