The 50-day MA will be a critical test for natural gas traders because it can be resistance and the trigger point for an acceleration to the upside.<\/p>\n
The intermediate range is $3.622 to $2.592. If buyers can take out the 50-day MA with conviction then look for the surge to continue into the 50% level at $3.107.<\/p>\n
The main range is $4.218 to $2.592. Its 50% level target is $3.405. It forms a potential resistance cluster with the 200-day MA at $3.458.<\/p>\n
This rally is likely being fueled by a combination of mostly short-covering and aggressive buying. But without a major shift in the demand numbers, sellers are likely to pounce on this move as it nears critical resistance areas.<\/p>\n
The Strait of Hormuz Flipped the Global LNG Picture<\/p>\n","protected":false},"excerpt":{"rendered":"The 50-day MA will be a critical test for natural gas traders because it can be resistance and…\n","protected":false},"author":2,"featured_media":437352,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[2791,2792,2794,42,33991,144904,28757,43,2797,40,38,41,39],"class_list":["post-437351","post","type-post","status-publish","format-standard","has-post-thumbnail","category-headlines","tag-commodities","tag-daily","tag-fundamental","tag-headlines","tag-home-page-4","tag-james_gas_forecast","tag-natural-gas","tag-news","tag-technical","tag-top-news","tag-top-stories","tag-topnews","tag-topstories"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/437351","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=437351"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/437351\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/437352"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=437351"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=437351"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=437351"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}