Markets

Trading Forecast Natural Gas

Natural Gas closed unchanged on Friday and The mid-range close sets the stage for a steady opening on Monday. Stochastics and the RSI are turning neutral to bullish hinting that a short-term low might be in or is near. Closes above the reaction high crossing are needed to confirm that a short-term low has been posted. If it extends 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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