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.
Prepared by
Technical Analysis Team
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