#NaturalGas | 4H Trade Setup Update ● Current Status: Natural Gas is trying to break above 100MA
1 year ago
12
#NaturalGas | 4H Trade Setup Update
● Current Status: Natural Gas is trying to break above the 100-period moving average after finding support at the point of control (POC) within the range.
● Technical Indicators: Falling Momentum and Money Flow: Indicators are showing a downward trend. Stochastic RSI: High, indicating potential overbought conditions.
● Outlook: Traders should remain cautious and monitor for signs of sustained upward movement to confirm the potential uptrend, given the falling momentum and money flow indicators. Watch for a successful breakout above the 100-period moving average, keeping an eye on the high stochastic RSI for potential overbought signals.
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