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TFC Commodity Trading Forum

March Nat Gas/ Trying to Hold *PIC*

March Nat Gas sold off from 3.55 price resistance and is now bouncing off its 20ema which tends to act as support when price is above and as resistance when price is below. A close below the 20ema would likely see price fall and test 3.34 again or even lower. Price must hold above this 20ema to expect a retest of 3.55 again. The rally somewhat above 3.55 did chew away some resistance so the next time up would be easier to clear and rally higher. Meanwhile price is stuck between the 20ema and 3.55. A break of either will determine direction.

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March Nat Gas/ Trying to Hold *PIC*
Re: March Nat Gas/ Trying to Hold *PIC*