Natural Gas closed higher due to short covering on Friday as it consolidates above trading range support crossing. The high-range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI are neutral to bearish signalling that sideways to lower prices are possible near-term. If it renews this winter's decline, weekly support crossing is the next downside target. Closes above the 20-day moving average crossing are needed to confirm that a low has been posted.
Join the Discussion