From Investing.com: 2025-01-10 04:12:00

Natural gas prices have seen a temporary increase due to strong weather-driven demand and limited supply from production freeze-offs. Futures trading in a narrow range amidst concerns over new energy policies by President-Elect Donald Trump. Futures rose on Wednesday but the announcement of inventory on Thursday showed a lesser withdrawal.

Weather conditions may cause wobbly moves in natural gas futures, leading to a potential selling spree. Technical levels show a ‘Bearish Doji Star’ formation in the daily chart, signaling a possible selling spree. Natural gas futures are at a pivotal point and may experience a bearish reversal if resistance at $4.011 is not broken.

A bearish candle in the 4 Hr. chart suggests exhaustion in today’s session if futures do not sustain above the immediate support at 9 DMA at $3.705. Traders should consider taking a short position if the price moves above $3.945 with a stop loss at $4.120. Readers are advised to trade at their own risk based on these observations.



Read more at Investing.com: Natural Gas Sees Sudden Price Surge, but Too Weak to Be Relied Upon