Natural Gas Technical Daily Outlook 9/21

By International Business Times,  September 21, 2012, 04:26:49 AM EDT

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NATURAL GAS closed higher on Thursday and the highrange close sets the stage for a steady o higher opening on Friday. Stochastics and the RSI are turning neutral to bearish hinting that a shortterm top might be in or is near. Closes below the 20day moving average crossing would confirm that a shortterm top has been posted. If it renews the rally off August's low, the reaction high crossing is the next upside target.

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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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