economic calendar<\/a>. <\/b><\/p>\n<\/div>\n[ad_2]<\/p>\n","protected":false},"excerpt":{"rendered":"
[ad_1] Close Above 50-Day MA Will Confirm Strength A reclaim of the 50-Day MA was a sign of strength but the next target was hit at $3.58, followed by intraday signs of resistance. If demand can be retained, then natural gas looks likely to at least tap the 20-Day MA at $3.60 to test it as resistance. Moreover, the 20-Day line is declining and will likely converge with today\u2019s high at $3.58 soon. If the 20-Day line continues to fall, it risks dropping below the 50-Day MA. That would be a sign of weakness. As noted above, a daily closing price above the 50-Day line would show greater strength than a close below it. And a stronger close increases the chance that the 20-Day MA can be reclaimed as well. Sustained Resistance at 50-Day MA Could Lead to Pullback If the price area around the 50-Day MA continues to show signs of resistance, a bearish pullback to test support levels becomes a possibility. There are a couple key price levels to watch if that is the case. There is a minor swing low at $3.30 from last Friday, which is followed by a more significant swing low at $3.16. That $3.16 swing low is more significant given its importance to the rising trend structure of higher swing lows and higher swing highs. It is marked (C) as a prime component of the rising ABCD pattern. Also, notice the small rising trendline marking dynamic support rising from the $2.99 swing low (A). That line can be watched for initial signs of weakness. As it looks now, today\u2019s low at $3.43 can be used as a proxy for the trendline. For a look at all of today\u2019s economic events, check out our\u00a0economic calendar. [ad_2]<\/p>\n","protected":false},"author":1,"featured_media":34289,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[45],"tags":[],"class_list":["post-34288","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financas"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/posts\/34288","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/comments?post=34288"}],"version-history":[{"count":0,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/posts\/34288\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/media\/34289"}],"wp:attachment":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/media?parent=34288"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/categories?post=34288"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/tags?post=34288"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}