the daily chartist

Natural gas not looking that natural anymore

published 1 year ago
NGAS Daily

 Natural Gas's price is returning again into negative territory as it showed it head little above the upper line of the downtrend which was recently effective (now resuming) as the candle yesterday made a false breakout and it turned to a bearish engulfing one as well. STOCK also is in overbought zone and makes the sell cross. CCI turned bearish as well. An accelerated move down and resumed bearish pressure may send the price towards 2.721 and 2.654 as well.