October 21, 2024
I take a detailed look at natural gas futures ($NG1!), breaking down the key technical indicators across the monthly, weekly, and daily charts. Beginning with the monthly chart, I examine the 200- and 50-month moving averages and what they suggest for the long-term trend. Moving onto the weekly chart, I discuss a potential head-and-shoulders pattern forming, alongside the critical 200-week moving average. Finally, I wrap up with the daily chart, providing a picture of where natural gas might be heading on the short-term timeframes.
