Natural Gas Stalls, Bollinger Bands Contract

In a clear sign that Natural Gas is range bound, the Bollinger Bands have flattened out and are contracting. Yesterday's closing price was trapped between the 7 and 21 day moving averages and today it is trading slightly above them. Monday's tag of the cyan Bollinger Band (1.5 standard deviation) signaled a potential renewal of selling but the lack of follow through supports the idea that price will be range bound for the time being.

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