Baxia Markets
December 30, 2022

Nat Gas continues moving laterally

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The energy commodity has not had much action in the last 17 sessions, the pair is moving up and down within a 7% range, which is not what most investors want to see, the price continues its consolidation period, which is not very attractive for traders.


The Bollinger bands are very narrow and that will decrease volatility even more in the short term, the pair trades in between the bands which indicates that the price is at a fair price; however not many traders want to hold to a trade that barely moves.


Nat Gas Dec 17th 2021


The relative strength index is at 40% which would allow Natural Gas to start a rally without entering an overbought status in the short term. The price is finding resistance at the 4.028 level on our 61.8% Fibonacci retracement. Our parabolic SAR indicates that the price will start to move up in the short term.


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