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0.00% 10.0¢ armour energy limited

Natural gas: At resistanceOutlook neutral/negative:A weak rally...

  1. skinsy11
    2,579 Posts.
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    01/12/19
    10:58
    Post #: 41732535

    Natural gas: At resistanceOutlook neutral/negative:A weak rally is unfolding off

    of the $2.10 support line was cut short as the price hit the 50-week m/a. Buying momentum (RSI) is positive, but starting to roll over, suggesting limited lift (Chart 5).


    Chart 5a).

    Bottom line:There are few signs of price strength in natural-gas prices at this moment. Stay on the sidelines for now. Traders may want to add to positions in January.


    Last edited by skinsy11: 01/12/19
    AJQ Price at posting: 5.9¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
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