Natural Gas Predicted Bottom
NG is likely to bottom at around 2.85 towards the end of the week. This is at the dashed support line from previous lows during the year.
The 20MA line has also been a confirmation for a change in direction when crossed. It’s distance from the current price may indicate that it will bounce above this support line until the 20MA catches up. Similar to March-May earlier this year.
The 20MA line has also been a confirmation for a change in direction when crossed. It’s distance from the current price may indicate that it will bounce above this support line until the 20MA catches up. Similar to March-May earlier this year.
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