Natural Gas Support

Natural gas appears to have found its 50- and 200-day moving averages. It’ll be interesting to see if these can hold as support after the commodity had a nice rally since mid-June. Looking at momentum and money flow, both the RSI and MFI had been negatively diverging from price but have not reached what have previously been ‘oversold’ levels.

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About Andrew Thrasher

Andrew Thrasher is a Portfolio Manager for an asset management firm in Central Indiana. He specializes and writes about technical analysis as well as macro economic developments.