• 3 minutes Why NG falling n crude up?
  • 7 minutes Tesla Battery Day (announcements on technology)
  • 10 minutes America Could Go Fully Electric Right Now
  • 1 hour Kalifornistan, CO2, clueless politicians, climate hustle
  • 4 hours Presidential debate will address taxes. Personal and Corp, including International Oil companies that pay little U.S. Income tax using Transfer Pricing.
  • 2 days JP Morgan Christyan Malek, report this Summer .. . We are at beginning of oil Super Cycle and will see $190 bbl Brent by 2025. LOL
  • 1 hour Something wicked this way comes
  • 12 hours Ilhan Omar connected Ballot Harvester in cash-for-ballots scheme
  • 2 days Jake Gardner from Omaha wrongly charged with murder while protecting his business from rioters. . . . . . Kills himself
  • 30 mins BLM organizer plows her car thru Trump supporters. She was arrested and charged with attempted murder
  • 2 days Ten Years of Plunging Solar Prices
Why Did Washington Shorten Iraq’s Sanctions Waiver?

Why Did Washington Shorten Iraq’s Sanctions Waiver?

By shortening Iraq’s sanctions waiver…

Oil Futures Capped By Demand Concerns

Oil Futures Capped By Demand Concerns

Oil prices are once again…

Can Colombia Overcome Its Natural Gas Crisis?

Can Colombia Overcome Its Natural Gas Crisis?

Like many other nations, Colombia…

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




Oilprice - The No. 1 Source for Oil & Energy News