Baxia Markets
June 28, 2021

Natural Gas hits new high in 2.5 years

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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.


Nat Gas June 25th 2021

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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