US EditionNatural Gas Price Forecast: Gas Weakens After Brief Spike Above $3.76
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fxempire.comNatural Gas Price Forecast: Gas Weakens After Brief Spike Above $3.76
Bearish Behavior Today’s bearish behavior sets the stage for a potential test of support around the 50-Day MA, now at $3.52, and the 20-Day MA, currently at $3.51. Weekly support from this week is at $3.50. Despite the potential for eventual higher prices, as indicated by the larger price patterns, bearish price action today could postpone the potential advance. The 50-Day MA was reclaimed for a third time since the April breakdown on Monday. So…
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