# Natural Gas (NATGAS/USD) Price Technical Analysis for January 14, 2019

> Natural gas broke out of a descending trend line and a short-term channel, and technical indicators showed overbought conditions. A report that coal plants were closing in West Virginia was cited as support for natural gas demand. Traders also expected the Federal Reserve to hold rates steady for longer.

- Date: 2019-01-14 · published 2019-01-14T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/9214-natural-gas-natgas-usd-price-technical-analysis-for-january-14-2019
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Technical signals point to a possible reversal, but the longer-term trend remains down. Coal-to-gas switching and easier monetary policy offer some support for prices.

## Read by commodity

- NATGAS: bullish ▲

## Sources

- fxdailyreport.com: https://fxdailyreport.com/natural-gas-natgas-usd-price-technical-analysis-january-14-2019/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.