U.S Natural Gas May Trade Positive In Near Term

Published 08/21/2013, 05:44 AM
Updated 05/14/2017, 06:45 AM

Natural Gas closed lower due to profit taking on Tuesday but remains above the 20day moving average crossing. The low range close sets the stage for a steady to lower opening on Wednesday.
U.S Natural Gas
Stochastics and the RSI remain bullish signalling that sideways to higher prices are possible nearterm. If it extends Monday's rally, the 38% retracement level of the May-August decline crossing is the next upside target. Closes below the 10day moving average crossing would confirm that a shortterm top has been posted.

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