Natural Gas reached 3.545 in today's trading session; the pair has been on a winning streak for the last five trading sessions. The relative strength index is overbought, and this could bring the pair's price down in the short term from a technical point of view, current RSI is at 75%.
The Bollinger bands are wide, and volatility could be higher in the following days; however, the price trades above the upper band, which signifies that the price is relatively high. Markets could start reacting to this status soon.
Short and long-term moving averages continue climbing, and the distance between the lines continues to expand. Our parabolic SAR indicator suggests that the price will continue its downtrend.
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