Nat Gas Price Analysis: Bulls headed to test prior support, focus is on the gap thereafter Gas DollarIndex Commodities
A downside continuation to close the gap is eyed.
Natural Gas is playing out in a long drawn-out phase of what could be an accumulation albeit within a downtrend. The commodity is basing, for now, on the front side of the bearish trend but is sliding out of the micro bear trend which gives a meanwhile bias to the upside on the charts. The following illustrates this on the daily and 4-hour time frames.
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