Natural Gas (XNG/USD) Price eases from the weekly top, paring intraday gains, as the energy instrument buyers fail to cross the 200-SMA amid early Thursday. With this, the XNG/USD prints mild losses of around $2.38 by the press time. In doing so, the asset also eases within a one-week-old rising wedge bearish chart formation, currently between $2.35 and $2.43. Apart from the 200-SMA and rising wedge, the nearly overbought RSI (14) line also teases the Natural Gas sellers. However, the quote needs to break the $2.35 support to confirm the bearish chart pattern suggesting a theoretical fall toward $2.15. During the ... (full story)