{"id":158403,"date":"2023-09-19T09:04:47","date_gmt":"2023-09-19T03:34:47","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=158403"},"modified":"2023-09-19T09:04:47","modified_gmt":"2023-09-19T03:34:47","slug":"xng-usd-bulls-have-the-upper-hand-above-200-day-sma-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/xng-usd-bulls-have-the-upper-hand-above-200-day-sma-crypto-news\/","title":{"rendered":"XNG\/USD bulls have the upper hand above 200-day SMA &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<p>\n                        <span class=\"fxs_socialmedia_bar_share_label\">Share:<\/span><\/p>\n<ul>\n<li><strong>Natural Gas price is seen consolidating the previous day&#8217;s strong move up.<\/strong><\/li>\n<li><strong>The technical setup favours bulls and supports prospects for further gains.<\/strong><\/li>\n<li><strong>A break below the $2.640-$2.6375 confluence will negate the positive bias.<\/strong><\/li>\n<\/ul>\n<p>Natural Gas price struggles to capitalize on the previous day&#8217;s strong intraday rally from the $2.8520 area and oscillates in a narrow trading band during the Asian session on Tuesday. The XNG\/USD remains below over a one-month high, around the $3.0350 area touched last Friday, though the technical setup suggests that the path of least resistance is to the upside.<\/p>\n<p>The recent repeated bounce from the 100-day Simple Moving Average (SMA) and a sustained strength beyond the very important 200-day SMA favour bullish traders. Adding to this, technical <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/rates-charts\/indicators\">indicators<\/a> on the daily chart are holding comfortably in positive territory and are still far from being in the overbought zone. This, in turn, validates the near-term positive <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/rates-charts\/forecast\">outlook<\/a> for the XNG\/USD and supports prospects for a further appreciating move.<\/p>\n<p>Some follow-through buying beyond the $3.000 psychological mark will reaffirm the constructive setup and lift the XNG\/USD to the next relevant hurdle near the $3.1875 zone. The said area represents the top boundary of a multi-month-old ascending trend channel, which if cleared decisively will mark a fresh breakout and pave the way for additional gains.<\/p>\n<p>On the flip side, the $2.8520 region, or the 200-day SMA, might continue to protect the immediate downside. A convincing break below will expose the monthly trough, around the $2.7150 area before the XNG\/USD drops to the $2.6400-$2.6375 confluence. The latter comprises the 100-day SMA and the ascending trend-channel support, which if broken decisively might shift the near-term bias in favour of bearish traders and prompt aggressive selling.<\/p>\n<h2 class=\"fxs_headline_medium\">XNG\/USD daily chart<\/h2>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/editorial.fxstreet.com\/miscelaneous\/image-638306900950354526.png\"><\/a><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Share: Natural Gas price is seen consolidating the previous day&#8217;s strong move up. The technical setup favours bulls and supports prospects for further gains. A break below the $2.640-$2.6375 confluence will negate the positive bias. Natural Gas price struggles to capitalize on the previous day&#8217;s strong intraday rally from the $2.8520 area and oscillates in [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":97891,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,351,257,1019,255,250,252,247,2826,253,249,308,256,254],"class_list":["post-158403","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-commodities","tag-cryptocurrency","tag-gas","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-prices","tag-quickswap","tag-safe-moon","tag-technical-analysis","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/158403","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=158403"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/158403\/revisions"}],"predecessor-version":[{"id":158404,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/158403\/revisions\/158404"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/97891"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=158403"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=158403"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=158403"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}