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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