Natural Gas Technical Daily Outlook 9/17

By International Business Times,  September 17, 2012, 04:28:45 AM EDT

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NATURAL GAS closed lower on Friday and the midrange close sets the stage for a steady opening on Monday. Stochastics and the RSI are bearish signalling that sideways to higher prices are possible nearterm. If it renews the rally off August's low, the reaction high crossing is the next upside target. Closes below the 20day moving average crossing would confirm that a shortterm top has been posted.




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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