Baxia Markets
February 20, 2022

Natural Gas is down 2.79%

technical analysis top header -01

The energy commodity fell after failing to break the resistance at 4.653 on our 38.2% Fibonacci retracement, the price still trades above the short and long-term moving average, suggesting that the upwards trend might continue in the short term.


The Bollinger bands are wide but they are starting to close up at the edges, we can still expect high volatility as they are still opened, the price is trading inside the Ichimoku cloud which can be seen as market uncertainty.


Nat Gas Feb 18th 2022


The relative strength index is at 54% which will allow the price to make a new breakout attempt at the 4.653 level, the price might find support at 4.216 if the pullback continues.


We love to hear new ideas from traders and want to know what you think! 


If you like this topic and want to suggest future topics that you find helpful, let us know by clicking the ‘submit your feedback’ button below.


Open Live Account  


Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. 


Nothing contained in this website should be construed as investment advice. Any reference to an investment's past or potential performance is not, and should not be construed as, a recommendation or as a guarantee of any specific outcome or profit.

Subscribe by Email