Natural Gas Price Analysis: 21-DMA breakout keeps XNG/USD bulls hopeful near $2.35 Gas Technical Analysis Commodities Energy ChartPatterns
Not only the upside of the 21-DMA but bullish MACD signals and sustained trading beyond the 10-DMA also keep Natural Gas buyers hopeful.
In a case where the XNG/USD remains firmer past $2.48, the March 14 top surrounding $2.75 will be in focus. It’s worth noting, however, that the lows marked since late February highlight $2.13-12 as the key strong downside support for the XNG/USD bears to conquer if they wish to meet the early July 2020 high of near $1.95.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Natural Gas Price Analysis: XNG/USD eyes further upside past $2.30 on crossing nearby key hurdleNatural Gas Price Analysis: XNG/USD eyes further upside past $2.30 on crossing nearby key hurdle Gas Technical Analysis Commodities Energy ChartPatterns
Read more »
Natural Gas Price Forecast: XNG/USD portrays corrective bounce at 20-month low near $2.15Natural Gas Price Forecast: XNG/USD portrays corrective bounce at 20-month low near $2.15 – by anilpanchal7 Gas Commodities RiskAppetite Recession China
Read more »
Campers stranded after well bursts, leaking natural gas in Grand CountyIt’s been over 58 hours since a wellhead burst in Grand County, releasing thousands of pounds of natural gas and causing campers to evacuate.
Read more »
Natural Gas Futures: Extra gains seems unlikelyConsidering advanced prints from CME Group for natural gas futures markets, open interest went down for the second straight session on Monday, this ti
Read more »
Suit: Chocolate maker ignored natural gas alert before blastA lawsuit over a deadly explosion at a Pennsylvania chocolate factory says the candy-maker ignored warnings of a natural gas leak
Read more »
Suit: Chocolate maker ignored natural gas alert before blastA lawsuit over a deadly explosion at a Pennsylvania chocolate factory says the candy-maker ignored warnings of a natural gas leak. The lawsuit was filed by the family of one of seven workers killed last month. It alleges that R.M. Palmer Co. bears responsibility for the explosion. The family of Judy Lopez-Moran on Tuesday filed the first wrongful-death suit against Palmer. The suit says Palmer was warned about a natural gas leak, but failed to evacuate. A message seeking comment was sent to Palmer. Another defendant, gas utility UGI, declined comment. Authorities are still investigating the cause of the March 24 blast in West Reading.
Read more »