In the last three trading sessions, Natural Gas prices went down with some periods of sideways movement. This happened because there was more inventory (stock of natural gas) than people expected.
The important levels to watch are:
Resistance at 247.7 (where the price might stop going up)
Support at 239.2 (where the price might stop going down).
If the price stays above 243.3, it could be a good time to buy.
The important levels to watch are:
Resistance at 247.7 (where the price might stop going up)
Support at 239.2 (where the price might stop going down).
If the price stays above 243.3, it could be a good time to buy.
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