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Natural Gas rises on the back of a weaker US Dollar, FOMC in the headlights

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Natural Gas price pops higher as US Dollar deflates ahead of FOMC Gas Commodities Technical Analysis Fundamental Analysis

Natural Gas: Weekly Chart

Decisive bullish breaks are characterized by a break through a level by a longer-than-average green daily candle, which closes near to its high or three green daily candles in a row. Looking at the 4-hour chart, a continuation higher in the short term is dependent to a greater degree on price managing to close above the May 31 high of $2.433 MMBtu. The Relative Strength Index is closely reflecting price, which is bullish.

 

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