FX.co ★ Natural Gas Heading Towards 1.895: Analysis For July 07, 2020

As we see on the 4-hour chart, #NG is now moving towards the 1.895 level, but we must pay attention to the Divergence between the Stochastic Oscillator and the price of the Natural Gas. This is the sign that the price will make a retracement soon. However, before the retracement actually takes place and as long as the price does not close below 1.656, this commodity asset #NG still has a chance to continue the current bias.

The overall bias of the Natural Gas is bullish.

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