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Natural Gas Drops Below Upper Bollinger Bands to End 6 Week Rise
On Tuesday, Natural Gas dropped .10 points to close just above the 21 day moving average. This is a potential end to the last move up which began on Feb 22 of this year. If price can break through the 21 day moving average, I would expect price to continue selling off until a tag of the lower Bollinger Band which now sits at 2.9.
The potential downturn is supported by 2 consecutive red Heikin-Ashi candles and the haDelta indicator now turning red.
The potential downturn is supported by 2 consecutive red Heikin-Ashi candles and the haDelta indicator now turning red.
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