Daily Tips

Thursday, March 7, 2013

Natural Gas analysis: Expects short term rally on 20 day MA crossover

Natural Gas closed lower on Wednesday and the low range close sets the stage for a steady to lower opening on Thursday. Stochastics and the RSI are neutral to bullish signalling that sideways to higher prices are possible near term. If it extends this week rally, January's high crossing is the next upside target. Closes below the 20day moving average crossing are needed to confirm that a short term top has been posted.

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