Natural Gas fell back from resistance at 3.592/613 to support at 3.483 as expected. We watched for a bounce from here & although we over ran slightly to 3.462 we are now holding above 3.483.A move back up to 3.540/3.554 is possible today & even a test of resistance at 3.592/613 but we do not expect this level to be broken now.Support is at 3.483/3.462 but if we break lower we could expect to test the next support level at 3.415/3.400. This should provide a floor for today but if we sink further look for 3.359.
Long term levels3.933 2012 High3.791 200 Week Moving Average3.748 December High3.645 January High3.554 Last Week’s High3.464 100 Day Moving Average3.320 Last Week’s Low3.305 100 Week Moving Average3.138 200 Day Moving Average3.079 Weekly 38.2% Fibonacci
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