Nymex Natural Gas (NG) Initial outlook remains neutral this week as sideway consolidation from 4.975 might continue. Nevertheless, as noted before, natural gas has likely bottomed at 2.409 already. Downside of the…
Tag: Natural Gas Weekly Technical Outlook
Natural Gas Weekly Technical Outlook
Nymex Natural Gas (NG) Natural gas’s rally extended further to as high as 4.035 last week and remains firm. Upside momentum might be diminishing a bit but further rise is still expecvted…
Natural Gas Weekly Technical Outlook
Nymex Natural Gas (NG) Natural Gas rose sharply to as high as 3.90 last week before turning sideway. The strong rebound sent daily MACD back into positive territory and argues that a…
Natural Gas Weekly Technical Outlook
Nymex Natural Gas (NG) Despite breaching 50% retracement of 4.16 to 2.409 at 3.28, Natural gas’ sharp fall on Friday is still inline with the view that rebound from 2.409 is merely…
Natural Gas Weekly Technical Outlook
Nymex Natural Gas (NG) Natural gas dropped sharply to as low as 2.409 last week, meeting mentioned target of 2.50 projection level before rebounding strongly. Break of 2.755 minor resistance suggests that…