Independent natural gas producer EQT Corp (EQT) looks poised to rally as natural gas futures have made lows in February and April. Let's check out the charts and indicators
In this daily bar chart of a daily futures continuation (linking together a number of contracts) chart, below, I can see that prices have bounced off the $2.00 level and now trade above the 50-day moving average line.
The On-Balance-Volume (OBV) line shows a rise from late March. The Moving Average Convergence Divergence (MACD) oscillator is now slightly above the zero line.