Technical Analysis – Natural gas futures tick higher as bullish forces linger

Natural gas futures (September 2022 delivery) have drifted higher again after their recent downside correction faltered. Even though the latest spike seems to have encountered resistance at the upper Bollinger band, the commodity continues to retain a bullish near-term picture.

The momentum indicators suggest that buyers have regained the upper hand. Specifically, the stochastic oscillator is climbing near the 80-overbought territory, while the RSI is flatlining comfortably above the 50-neutral threshold.

In the positive scenario, the price could ascend to test its recent high of 8.980. Piercing through this region, the spotlight may turn to the 9.400 barrier. An upside violation of the latter could open the door for the 14-year high of 9.630.

On the flipside, should the positive momentum fade and the price reverses down, the 8.160 hurdle could act as the first line of defence. Dipping beneath that region, the bears could aim for the crucial 7.530 support before the attention shifts to the 7.000 psychological mark. Failing to halt there, 6,.450 could prove to be a tough obstacle for the price to overcome.

Overall, natural gas futures appear to have the necessary momentum to push even higher. Nevertheless, a break below the 7.530 and the 50-day moving average might alter their short-term picture back to negative.

免責聲明: XM Group提供線上交易平台的登入和執行服務,允許個人查看和/或使用網站所提供的內容,但不進行任何更改或擴展其服務和訪問權限,並受以下條款與條例約束:(i)條款與條例;(ii)風險提示;(iii)完全免責聲明。網站內部所提供的所有資訊,僅限於一般資訊用途。請注意,我們所有的線上交易平台內容並不構成,也不被視為進入金融市場交易的邀約或邀請 。金融市場交易會對您的投資帶來重大風險。


本網站的所有XM和第三方所提供的内容,包括意見、新聞、研究、分析、價格其他資訊和第三方網站鏈接,皆爲‘按原狀’,並作爲一般市場評論所提供,而非投資建議。請理解和接受,所有被歸類為投資研究範圍的相關内容,並非爲了促進投資研究獨立性,而根據法律要求所編寫,而是被視爲符合營銷傳播相關法律與法規所編寫的内容。請確保您已詳讀並完全理解我們的非獨立投資研究提示和風險提示資訊,相關詳情請點擊 這裡查看。

我們運用 cookies 提供您最佳之網頁使用經驗。更改您的cookie 設定跟詳情。