NatGas Hits Top of Range before Closing Lower

Contrats à terme sur Gaz Naturel (NYMEX:NG1!)

NYMEX:NG1! Contrats à terme sur Gaz Naturel

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NatGas started the day moving above Friday's high but missed touching the upper Bollinger Band. Price then reversed and NatGas ended the day below last Thursday and Friday's low (after tagging the 21 day moving average). This could all be leading to a narrow trading range while price consolidates. This idea is supported by the flattening out of the Bollinger Bands. If this is the case, then you want to sell at the upper Bollinger Band and buy at the lower Bollinger Band. For now, use your range trading plans.

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