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Natural Gas Price Week Ahead: Bearish Rectangle Brews, Will a Breakout Unfold?

April 17, 2023

Via: DailyFX

Natural gas prices were once again left little changed this past week as the heating commodity struggled to find any momentum to either clear through critical support or push past resistance. Looking at the Average True Range (ATR), the past 14-day period has been some of the quietest since August 2021. Overall, prices are struggling to find follow-through in the context of what has been a bearish play of a Head & Shoulders breakout since the end of last year. Positive RSI divergence continues growing, indicating a rising risk of a reversal.

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