Nat gas closed positively today in a weak market. The importance of this close is it was a close above yesterdays high. Showing some potential near term momentum . If Nat Gas can closes above the resistance trendline we could see a retrace to $2.50. Looking for a weekly bottoming tail on Nat gas to confirm a local bottom.
Natural Gas just closed above the daily 200 MA for the first time since Nov 2022. This could signify a big shift in the Nat Gas market and may trigger funds to start accumulating in the long side as they boil full portfolio positions.
Oil looking strong and testing a bearish range breakout. Natural Gas back testing a key support zone.
Natural Gas is on watch for a technical Breakout We got a bullish daily close on Natural gas today. Its the first time Nat gas has had 2 daily closes above the 50 day moving average since it started the nasty downtrend.
Here are 3 stocks im watching today. Good Luck! I feel bullish on AR AMD and Ford. Lets see how everything plays out today. Happy Trading