Natural Gas U.S. Futures ($7.27)
Intermediate term recovery of Natural Gas is in evidence now, but for the time being the price is stuck between the downtrending 200-Day Moving Average and the flat 100-Day Moving Average. I assume that it will break out to the upside after a suitable period of congestion between the two moving averages.
It's only a guess, but I would not rule out the possibility of a wild ride higher into year end once this juggernaut gets rolling.
0 Comments:
Post a Comment
<< Home