Natural Gas Futures Hit 13-Year High in Overbought Zone

Natural gas futures (May delivery) further brightened their long-term bullish outlook on Tuesday, stretching their impressive five-week rally to a new 13-year high of 6.825. Despite the clear positive pattern in the market, which is well endorsed by the upward-sloping simple moving averages (SMAs), some signs of weakness are already evident on the four-hour chart. […]

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