U.S Natural Gas Analysis: RSI, Stochastic Turns Negative

Published 07/26/2013, 02:56 AM
Updated 05/14/2017, 06:45 AM
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Natural Gas closed lower on Thursday and below the 20day moving average crossing confirming that a short term top has been posted. The low range close sets the stage for a steady to lower opening on Friday. Stochastics and the RSI have turned bearish signalling that sideways to lower prices are possible near term. If it extends today's decline, the reaction low crossing is the next downside target. If it renews the rally, the reaction high crossing is the next upside target.
U.S Natural Gas

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