Natural Gas closed lower on Friday but remains above the 10-day moving average crossing. The mid-range close sets the stage for a steady opening on Monday. Stochastics and the RSI are oversold and are turning neutral to bullish signalling that sideways to higher prices are possible near-term. Closes above the 20-day moving average crossing are needed to confirm that a short-term low has been posted. If it extends the decline off June's high, the reaction low crossing is the next downside target.
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