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A quick technical analysis for natural gas futures: Is a bearish breakdown imminent?
Technical uptrend shows natural gas has been ripping lately
For the past week, natural gas futures have been on a tear, climbing 35% in that time, and continuing to gain steam, currently up 32% after eight trading days. Even yet, an hourly technical analysis suggests we may be at the brink of a formation of a bearish trend.
In spite of the fact that the market is still moving upwards within a channel, a bear flag is forming and resistance is slanted in a negative direction. The b... Read More
Posted: Mar 2 2023, 10:55
Author Name: forexlive
Views: 102370