Markets

Trading Forecast Natual Gas

Natural Gas closed slightly higher due to short covering on Wednesday as it consolidated some of the decline off last week's high. The mid-range close sets the stage for a steady opening on Thursday. Stochastics and the RSI are turning bearish signalling that sideways to lower prices are possible near-term. If it renews the decline off July's high, the October 2010 low on the monthly continuation chart 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 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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