Natural gas continues to test mean reversion strategies.
This commodity is continuing to burn the shorts.
For a couple weeks now, Nat Gas has been trading at the upper 2.5 deviation band.
This is an extreme overbought signal that often results in profit taking.
Natural Gas Daily RSI is now diverging from price at overbought levels.
This commodity is continuing to burn the shorts.
For a couple weeks now, Nat Gas has been trading at the upper 2.5 deviation band.
This is an extreme overbought signal that often results in profit taking.
Natural Gas Daily RSI is now diverging from price at overbought levels.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.