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Natural Gas (NATGAS/USD) Price Technical Analysis for April 30, 2024
Natural gas is pulling higher and resuming its climb, setting its sights on longer-term resistance levels at the top of its range on the 4-hour chart. Price could aim for the $1.970 range resistance as soon as it breaks above the previous week highs around $1.900. The 100 SMA crossed above the 200 SMA to signal that the path of least resistance is to the upside or that the climb is likely to gain traction. Stochastic is also on the move up to confirm that bullish momentum is in play, but the oscillator is also in the overbought zone to signal exhaustion among buyers. Turning lower would confirm that sellers are ... (full story)