Natural Gas Moves Sideways

Natural Gas today stayed range bound, unable to break the 3.087 price. That price is also at the middle Bollinger Band. Support for the day is provided by the 7 day moving average, the purple crosses on the chart. There are some signs that price wants to go higher. The Heikin Ashi Delta indicator is blue, signaling an upward move. And usually you would expect a touch of the outer Bollinger Band, currently at 3.16. However, if price can't move up in the next couple of days, then I would expect another downward leg.

For now, I am flat and remain neutral.

Disclaimer: This post is for educational purposes only. Please trade at your own risk.