Natural Gas March Contract - Forecast for 02/01 by Daytradeideas.com

By International Business Times,  February 01, 2013, 06:21:06 AM EDT

Nat Gas tested 3.258/240 support which we said may hold the downside and the low of the day was in fact 3.243. We then shot higher to hit our target of 3.374/386 over running slightly to 3.395 but this did cap the market as predicted but if we manage a push through this resistance today we should close the gap towards 3.426 and top out here. Wee exit any longs and try shorts with a stop above 3.445.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

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