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\n Share:<\/span><\/p>\n Natural Gas Price (XNG\/USD) retreats from intraday highs as bulls and bears jostle around $2.65 during early Tuesday. In doing so, the energy instrument struggles to extend the week-starting recovery from the lowest levels in three weeks amid a lack of fresh directives and a cautious mood ahead of Wednesday’s key US inflation data.<\/p>\n Apart from that, the 21-DMA hurdle of around $2.66 and bearish MACD signals, as well as the steady RSI (14) line, also challenge the XNG\/USD buyers.<\/p>\n However, the quote’s sustained trading beyond the $2.50 support confluence including the 50-DMA and a five-week-old rising trend line keeps the buyers hopeful within a three-week-old bullish triangle.<\/p>\n Hence, the XNG\/USD bulls may want to wait for a clear break of the 21-DMA hurdle of around $2.66 to initiate fresh long positions. Even so, the stated triangle’s top line can prod the commodity buyers around the $2.70 round figure before giving them control.<\/p>\n Following that, the natural gas price could quickly rise toward May’s peak of $2.81 before challenging the previous monthly high of around $2.93.<\/p>\n Alternatively, the stated triangle’s bottom line, close to $253 at the latest, precedes the $2.50 support confluence to restrict short-term XNG\/USD downside.<\/p>\n Overall, the Natural Gas Price remains on the bull’s radar but the road to the upside appears long and bumpy.<\/p>\n\n
Natural Gas Price: Daily chart<\/h2>\n