Natural Gas - Daily technical Forecast

on February 25 2010 10:35 AM

Natural Gas closed higher on Wednesday and remains poised to extend the rally off this month's low. The high-range close sets the stage for a steady to higher opening on Thursday. Stochastics and the RSI are overbought but remain neutral to bullish signalling that sideways to higher prices are possible near-term. Closes below the 20-day moving average crossing would confirm that a short-term top has been posted.

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