Baxia Markets
February 07, 2022

Natural Gas lost more than 15% in three sessions

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The energy commodity broke two important support levels the first one is ay 50%, which often indicates a trend change. The pair reached $5.31 and then fell to $4.37, currently the price trades inside the Ichimoku cloud which can be seen as market uncertainty. 


The Bollinger bands are very wide and very asymmetrical, which will maintain the high volatility in the pair, at this point the price could move in either direction based on technical indicators since it trades between the bands.


Nat Gas Feb 4th 2022


The Relative Strength Index is at 52% which would also allow a price movement in either direction, the market is undecided and we would like to wait until there is a clear trend in order to place a trade.


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energy, commodities, trading conditions, technical analysis, trading indicator

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