Natural gas analysis

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Natural gas is currently in a strong downtrend, trading around 4.1764 after a sharp decline from the 5.25 highs. The bearish momentum is confirmed by the price trading well below both the 10-period SMA and the 40-period SMA , following a bearish crossover where the short-term average dropped below the long-term average. Despite the intense selling pressure, the RSI indicator is currently at 28.57, which is below the "oversold" threshold of 30; this suggests the market is potentially overextended to the downside and could be due for a short-term relief bounce or consolidation before any further decline.



If the downward movement continues, the next major support level to watch is at 4.0400, while any recovery attempt would likely face significant resistance near the 4.40 level.

Actual Topics

Subscribe to "Fundamental Analysis" feed

Souscrire
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.