Markets

Natural Gas Technical Analysis 11/01

NATURAL GAS closed slightly higher on Wednesday and the lowrange close sets the stage for a steady to lower opening on Thursday. Stochastics and the RSI remain bearish signalling that sideways to lower prices are possible nearterm. If it extends the decline off this month's high, the 38% retracement level of the AugustOctober rally crossing is the next downside target. If it renews the rally off August's low, the 50% retracement level of the 20112012decline 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 Nasdaq, Inc.


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

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