Natural Gas Closes Between 7 and 21 Day Moving Averages

The price of Natural Gas rose on Wednesday, hitting a high of 3.223 before selling off and closing at 3.143, smack in the middle of the 7 and 21 day moving averages. The slight rise in the closing price did cause the background of the haDelta indicator to turn blue. However, the QStick indicator below that is still showing downward movement. The Heikin Ashi chart below shows that there have now been 3 HA dojis in the last 4 days. While my bias is still to the downside, we'll need to pay close attention to price movement over the rest of the week.