Markets

Natural Gas Technical Analysis

(IBTimes) - "802×259"

NATURAL GAS closed lower due to profit taking on Wednesday as it consolidated some of the rally off April's low. The lowrange close sets the stage for a steady to lower opening on Thursday. Stochastics and the RSI remain bullish signalling that sideways to higher prices are possible nearterm. If it extends the rally off last week's low, the reaction high crossing is the next upside target. Closes below the 20day moving average crossing would signal that a shortterm top has been posted.

Original Source: http://www.ibtimes.com/articles/336543/20120503/natural-gas-technical-analysis.htm

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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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