FXEMPIRE
All
Ad
Advertisement
Advertisement
David Becker
Add to Bookmarks
ng-101717

Natural gas prices whipsawed on Tuesday moving higher initially but were unable to hold higher levels and closed near the lows.  Warmer than normal weather is expected to cover most of the United States for the next 8-14 days except for the southeast, which is expected to experience cooling than normal temperatures. Prices Attempted to test resistance near last weeks highs at 3.036, but tumbled into the close and settled at the low at 2.93, just above support near the 10-day moving average near 2.92.

Momentum is Neutral

Momentum is neutral as the MACD (moving average convergence divergence) index prints in the black but the MACD histogram has a flat trajectory which reflects consolidation. The relative strength index (RSI) which is a momentum oscillator that measures accelerating and decelerating momentum, is moving sideways, reflecting consolidation. The current print of 46, is also in the middle of the neutral range.

Advertisement
Know where Natural Gas is headed? Take advantage now with 

Trading Derivatives carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Derivatives may not be suitable for all investors, so please ensure that you fully understand the risks involved, and seek independent advice if necessary. A Product Disclosure Statement (PDS) can be obtained either from this website or on request from our offices and should be considered before entering into a transaction with us. Raw Spread accounts offer spreads from 0.0 pips with a commission charge of USD $3.50 per 100k traded. Standard account offer spreads from 1 pips with no additional commission charges. Spreads on CFD indices start at 0.4 points. The information on this site is not directed at residents in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

Advertisement
Don't miss a thing!
Discover what's moving the markets. Sign up for a daily update delivered to your inbox

Trade With A Regulated Broker