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Natural Gas near resistance zone
Natural gas has ended in four consecutive doji candlestick formations near the 20-day SMA suggesting resistance at higher levels. RSI has also flattened indicating an impending correction and a retracement of the rally experienced from 2.40 to 2.72 in the past few days. Natural gas could decline towards 2.60 and 2.55 while it sustains below 2.73.
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Risk Disclaimer:
Trading Forex or any CFD products may not be suitable to all investors and they must evaluate their risk appetite. The above article should not be construed as a trading or investment advice as it is solely for education and information purpose only. Trading might incur a loss of capital and hence investors might be required to gain further knowledge regarding the risks involved. Leverage should be used wisely.
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