Natural Gas Technical Daily Outlook 8/30

By International Business Times,  August 30, 2012, 04:19:03 AM EDT

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NATURAL GAS closed higher on Wednesday and the highrange close sets the stage for a steady opening on Thursday. Stochastics and the RSI are turning neutral to bullish hinting that a low might be in or is near. Closes above the 20day moving average crossing would temper the nearterm bearish outlook. If it renews the decline off July's high, the 62% retracement level of the AprilJuly rally crossing is the next downside target.




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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