GoldBands

Natural Gas Closes at the 21 Day Moving Average

NYMEX:NGJ2017   Henry Hub Natural Gas Futures (Apr 2017)
Natural Gas moved up today, completing the closing of the Gap from Sunday night. Trading right at the 21 day moving average, there are mixed technical signals of its next move. Green on the Heikin-Ashi and a rising Stochastics are bullish but trading at the top of the 4 day range and in the middle of the Ichimoku cloud are Neutral at best. Also, the weekly chart below shows that price has closed a gap from 3 weeks ago. Overall, I remain flat until further confirmation.

Disclaimer: this post is for educational purposes only. Trading is at your own risk.

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