Natural Gas Futures Eye Fresh Lows as Double-Top Formation Reinforces Downtrend
From Investing.com: 2024-12-04 02:58:00
Natural gas futures are in a bearish trend, with a double-top formation indicating further declines. Weekly chart shows persistent selling pressure with resistance at $3.093 and support at $2.793. Daily chart confirms double-top pattern with support at $2.9. 4-hour chart shows bearish crossovers hinting at new lows, with 200 DMA at $2.873 key support. Bearish range tightens between $3.093 and $2.841. Trading caution advised.
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