Baxia Markets
November 05, 2021

Natural Gas volatility continues.

technical analysis top header -01

The energy commodity had a very steady uptrend from late August to mid-September, pulled back, and resumed the uptrend until early October, now for the first time in a while. We are seeing the price bouncing between the low and high $5 levels.

The Bollinger bands are opened, and high volatility should be expected. The price is currently trading in between the bands, suggesting it is at a reasonable level, incentivizing traders to place long positions on the pair.


Nat Gas Oct 29th 2021

The relative strength index is at 52%; the conditions are set for the commodity to continue the upward trend in the short and mid-term. The pair seems to be finding support at 5.56 at our 23.6% Fibonacci retracement. If this support proves to be strong, it will be beneficial for the future of the price.


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. 

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

Subscribe by Email