NYMEX Crude Oil vs. Natural Gas: Mirror Images?

Let's notice that nearby NYMEX Crude Oil has broken beneath $100/bbl, and is pressing against its 200-Day EMA, now at $99.33, while nearby Natural Gas has pivoted to the upside off of its 50-Day EMA (4.629), after already having pivoted off of its 200-Day EMA in early April.

Increasingly, and especially since Aug, 2013, Crude Oil and Natural Gas have developed mirror (inverse) price patterns that argue for continued downward pressure on oil and upward pressure on Natural Gas.

  Matched “”
x
Try Us Free For 14 Days!
  • In our live, interactive Trading Room, we identify trading opportunities in ...
  • Equity Index Futures
  • Index & Sector ETFs
  • Individual Stocks
  • Precious Metals
  • Energy
  • Forex
  • Treasuries
  • International Markets
  • And Much More
Join MPTrader Now!
Veteran Wall Street analyst and financial author, Mike provides detailed and timely analysis and trade set-ups on a range of markets. Read more...

Have Mike's “Out Front” morning analysis delivered FREE to your email inbox twice weekly!