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Natural gas futures falls after buyers above the 200 hour MA failed.

Natural gas futures falls after buyers above the 200 hour MA failed.

The price of natural gas futures are trading sharply lower with the prices down close to 4% on the day. The move lower comes after the price tried to move above its 200 hour moving average (green line in the chart above) at $3.50. The high price reached $3.59 before rotating back to the downside. More recently, the 100 hour moving average has been broken at $3.34. The current price trades at $3.30.

Last week (Tuesday, January 17), the price traded modestly above the 200 hour moving aver... Read More

Posted: Jan 24 2023, 17:35
Author Name: forexlive
Views: 111571

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