Natural Gas - Daily technical Forecast

  @ibtimes on March 05 2010 10:49 AM

Natural Gas closed lower on Thursday as it extends some of Monday's decline and remains below the 87% retracement level of the December-January rally crossing. The low-range close sets the stage for a steady to lower opening on Friday. Stochastics and the RSI are oversold but remain neutral to bearish signalling that sideways to lower prices are possible near-term. If it extends this winter's decline, December's low crossing is the next downside target.

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