Natural Gas - Daily technical Forecast

By IBTimes Staff Reporter | April 13 2010 10:40 AM

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Natural Gas closed lower on Monday and the low-range close sets the stage for a steady to lower opening on Tuesday. Stochastics and the RSI have turned bearish signalling that sideways to lower prices are possible near-term. If it renews this winter's decline, weekly support crossing is the next downside target. Multiple closes above last Tuesday's high crossing are needed to confirm that a low has been posted.

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