Global Natural Gas Market: Balancing Breakouts, Production Weights, and Bullish Signals
TL;DR
Natural gas triggers a breakout above last week's high, indicating potential strength, but a retracement into last week's range is likely before a continuation higher. The downtrend remains intact, marked by the declining internal trendline and 20-Day MA. A test of resistance at 2.88 is anticipated, which could provide a significant level for the market.
- Navigating Natural Gas: Breakout Signals Amidst Downtrend FX Empire
- Record-High U.S. Production Weighs on Natural Gas Prices OilPrice.com
- Natural Gas Reversal: Bullish Signals Amid Intraday Surges FX Empire
- Natural Gas Futures Finish Monday Slightly Higher as Sharper Gains Relinquished Natural Gas Intelligence
- Record warmth leaves world with too much gas Reuters
Want the full story? Read the original reporting
Read on FX Empire