Natural Gas Price Analysis: XNG/USD stays bearish, $2.53 and US NFP eyed – by anilpanchal7 Gas Energy Commodities Technical Analysis ChartPatterns
. In doing so, the XNG/USD holds onto the latest bearish bias at the lowest levels in 12 days, despite being lackluster of late.
However, the RSI line seesaws around the sub-50.00 area, which in turn favors the odds of the Natural Gas Price’s bottom-picking. In a case where the XNG/USD drops below $2.53, a quick fall to a horizontal area comprising multiple levels marked since May 31, near $2.43-44, can’t be ruled out. If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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