HomeTechnical Analysis Report US Natural Gas charts indicate weakness in prices near term: HY Markets

Natural Gas closed higher on Wednesday and the high-range close sets the stage for a steady to higher opening on Thursday. Stochastics and the RSI remain bearish signalling that sideways to lower prices are possible near-term. If it renews the decline off January's high, January's low crossing is the next downside target. Closes above the 10-day moving average crossing would confirm that a short-term low has been posted.






(Courtesy: HY Markets)