Natural Gas (NG) Price Chart
Natural Gas is priced at $3.196 on the 1hr NYMEX time frame. Mixed candles rest above the red MA at $3.18 within the green ascending channel. Bullish rejection wicks from the $3.099 swing low imply buyers remain in control during dips.
RSI is at ~52, indicating a neutral-to-bullish outlook. The red volume block at $3.12 will offer support. The next resistance level is likely to form between $3.229 and $3.260. The trend is bullish for prices above $3.099, as prices continue to trade within the green ascending channel. Higher highs and higher lows indicate buyers are still participating in the move.
Trade Idea: Buy $3.196, targeting $3.260, with a stop at $3.12.
WTI Crude Oil Dips to $67.81 – Blue Support Zone Defense on 1h