• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 23 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 3 days "What’s In Store For Europe In 2023?" By the CIA (aka RFE/RL as a ruse to deceive readers)
  • 7 days America should go after China but it should be done in a wise way.
  • 1 day Even Shell Agrees with Climate Change!
  • 3 days How Far Have We Really Gotten With Alternative Energy
  • 4 days The European Union is exceptional in its political divide. Examples are apparent in Hungary, Slovakia, Sweden, Netherlands, Belarus, Ireland, etc.
  • 1 hour Microbes can provide sustainable hydrocarbons for the petrochemical industry
  • 3 days World could get rid of Putin and Russia but nobody is bold enough
  • 6 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
Editorial Dept

Editorial Dept

More Info

Premium Content

A Major Buy Signal For Natural Gas Futures

Maybe it’s just me, but natural gas futures seem to have been very hard to read and predict lately. Unusual weather patterns have caused some volatility in storage numbers, but no move seems able to gain any momentum. It has been the classic “choppy” market for a while, but that may be about to change if a widely followed technical signal is anything to go by.

That signal is the pattern formed when a short-term moving average crosses over the long-term. If it does so with the short-term line moving upwards, it is generally considered a bullish indicator and is called a “golden cross”. When the short-term is moving downwards, it is known as a “death cross” and is seen as bearish.

Of course, as with all technical indicators, there is one potential problem. The pattern that you see, or don’t see for that matter, depends on what you set as “short-term” and “long-term”. As is also true of all technical analysis though, the main value of these crosses is that if a lot of people see them and pay attention, they become a kind of self-fulfilling prophecy as traders position themselves for the expected move. For that reason, it is best to use simple, widely viewed parameters. For swing trading, that means looking at the 50 and 100-day simple moving averages. They are marked by yellow and blue lines respectively on this chart…

As you can see, the crossover came at the start of this…





Leave a comment

Leave a comment




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News